Forex Daily Forecast, Analysis and Prediction

The S&P 500 has rallied rather significantly during the trading session on Thursday to reach the 3900 level.

The US dollar has pulled back a bit during the trading session on Thursday as we have seen an oversold condition in this pair.

Gold markets tried to recover during trading on Thursday but gave back gains rather quickly as we had approached the $1750 level.

The Turkish lira fell with the dollar's rise during today's early trading.

Spot natural gas prices (CFDS ON NATURAL GAS) slightly increased in their recent trading at the intraday levels, to achieve daily gains until the moment of writing this report by 0.51%.

The Dow Jones Industrial Average rose slightly during its recent trading at the intraday levels, to achieve gains in a session characterized by volatility by 0.23%.

Federal Reserve officials became more determined last month to keep raising US interest rates for longer to prevent rising inflation from becoming entrenched, even if it slows the US economy.

Recent losses pushed it towards the 1.1875 support level, the lowest for the currency pair since March 2020.

In the middle of this week's trading, the euro fell 1.47% against the dollar and became vulnerable to more losses.

Gold futures are trading at their lowest in more than nine months, driven by another rally in the US dollar.

The USD/CHF price has continued its upside as the US dollar continued its strong rally and after the latest Switzerland unemployment rate data.

The USD/INR pulled back sharply on Thursday morning as the spectacular rally faded.

The German DAX index drifted a little bit lower to kick off the trading session on Monday.

The British pound had a rough session on Wednesday as we are well below the 1.20 level.

The EUR/USD currency pair fell hard Wednesday to break down below the 1.02 level.