Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair pulled back slightly after the strong US jobs numbers.

The difference between success and failure in Forex / CFD trading is highly likely to depend on which assets you choose to trade each week and in which direction, and not on the methods you might use to determine trade entries and exits.

Day traders in the EUR/USD likely ran into a costly whipsaw last week if they continued to press ahead with buying positions, this while believing the currency pair had sold off too much and would have to reverse higher.

WTI Crude Oil fell to lower values that had last been seen in a sustained manner in June of 2023, this as the commodity touched 69.000 USD per barrel briefly on Thursday of last week.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 10th, 2023 here.

On Thursday's trading session, Bitcoin experienced a minor retreat, indicating an ongoing quest for value in the market.

The crude oil markets exhibited some upward movement during the trading session on Thursday, hinting at a possible correction to the oversold conditions.

On Thursday, the US dollar experienced a substantial decline in value, with its downward trajectory taking it to a critical level of ¥145.

Ethereum experienced a modest dip during the early hours of Thursday, a development that, quite frankly, was long overdue.

The S&P 500 exhibited signs of early support in Thursday's trading session, indicating a potential attempt to stabilize within the familiar consolidation range.

Silver experienced a turbulent day on Thursday as uncertainty loomed over its upward trajectory and the possibility of the recent rally coming to an end.

The gold markets made an initial attempt to push higher during Thursday's trading session, as market participants grappled with the ongoing uncertainty surrounding the precious metal's direction.

The EUR/USD exhibited a back-and-forth pattern during Thursday's trading session, with its focus honed on the 200-Day EMA, and indicator that people sometimes pay close attention to.

The DAX slowed down a bit during the trading session on Thursday, as we are near the €16,600 level.