Forex Daily Forecast, Analysis and Prediction

EUR/USD rose during the session on Thursday as the Federal Reserve announced an expansion of monetary easing via the Mortgage Back Securities market.

The USD/JPY pair fell during the session on Thursday is the Federal Reserve continued to expand its monetary easing policies. The larger than expected package rocked the markets and as such the US dollar got pummeled in afternoon trading.

The GBP/USD pair rose during the Thursday session as the Federal Reserve expanded its quantitative easing policy as well as extended it.

According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.

The GBP/USD market rose again during the Wednesday session as the 1.61 level was tested.

The EUR/USD pair continued to gain ground during the Wednesday session in preparation for the Federal Reserve and its announcement later today. There is an expectation of quantitative easing going forward, and as such this will work against the US dollar.

The USD/CAD pair had a positive session on Wednesday as the buyers stepped in to support the pair. However, we are still below the 0.98 handle, and as such I still believe that we have broken a significant support level.

According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.

The USD/CAD pair fell during the session on Tuesday, as the world assumes that the Federal Reserve will go ahead and either extend its length easing, or perhaps even get involved in Quantitative Easing 3.

The EUR/USD pair had a strong showing on Tuesday as we broke above the 1.28 handle with conviction. Looking at this pair, we can see that the Euro continues to gain because of a possible to several reasons: the Federal Reserve easing on Thursday, and the short covering of the massive anti-Euro trade that has been on for months.

USD/JPY fell pretty precipitously on Tuesday, as the 78 handle finally gave way. This is an area I have been wanting in this pair with great interest over the last several weeks as you can see on the chart it has been massively supportive.

The USD/CAD has broken the low from August 28, 2011 and now has a pretty clear shot at the July 2011 low with only one real support level to stop it.

According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.

Learn about the U.S. index before making any trades using the Elliot Waves and Fibonacci levels method.

The GBP/USD pair fell below the 1.60 handle on Monday, but did bounce in order to form a hammer. This could be a very potent sign for the buyers to step back into the marketplace as it shows the 1.60 level does bring in support.