Forex Daily Forecast, Analysis and Prediction

The S&P 500 demonstrated a modest rally during Thursday, reflecting the cautious stance of traders in anticipation of the impending NFP announcement set for Friday.

Crude oil markets commenced the Thursday session with a positive trajectory, as they continue to find support near the 50-Day Exponential Moving Average.

The euro dollar pair fell to the support level of 1.0794 before settling around the 1.0820 level at the start of today's Thursday session.

The price of the currency pair, moved under downward pressure to the support level of 146.00.

The British pound vs U.S. dollar [GBP/USD] was traded cautiously within a range between 1.2750 and 1.2657.

The gold price [XAU/USD] remained within its recent gains which extended to the resistance level of $2056 per ounce, the highest for it in two weeks.

The GBP/USD is trading near the 1.26535 ratio as of this writing.

Reactive USD/JPY selling took place last night as the U.S Federal Reserve released its FOMC Statement and financial institutions sold the USD/JPY with solid price velocity.

The US dollar's behavior in the USD/JPY pair is currently influenced by the anticipation of the FOMC meeting and the subsequent press conference.

Cautious Fed not helping Bitcoin rise.

The natural gas market witnessed a slight dip in Wednesday's trading session, with a likelihood of recovery on the horizon.

The NASDAQ 100 continues to look for cheap money coming out of Wall Street, as we see a lot of noisy behavior.

The gold market has been displaying a noticeable level of volatility lately.

Crude oil markets show potential for a breakout, favoring a strategy of buying on dips.

The Australian dollar has experienced multiple declines against the US dollar in recent weeks, with another pullback observed early on Wednesday.