Forex Daily Forecast, Analysis and Prediction

Start the week of April 18, 2022 with our Forex forecast focusing on major currency pairs here.

The British pound had a very bullish Wednesday session, but during the day on Thursday, we started to see that unravel a bit.

The Euro initially tried to rally during the trading session on Thursday, but then fell rather hard to pierce the 1.08 level.

Bitcoin has pulled back a bit during the trading session on Thursday to reach the $40,000 level again.

Gold markets initially pulled back during the trading session on Thursday but then turned around to show signs of life again.

The WTI Crude Oil market initially pulled back a bit during the trading session on Thursday, only to turn around and show signs of life again.

The US dollar has initially pulled back against the Canadian dollar but then turned around to show signs of life again.

The German index has gone back and forth during the trading session on Thursday, as we continue to dance around just above the €14,000 level.

The S&P 500 initially tried to rally during the trading session on Thursday but gave back the gains as we tested the 50 Day EMA.

Ripple tried to rally during the trading session on Thursday but gave back the gains rather quickly to end up forming a bit of a shooting star.

Litecoin initially tried to rally during the day on Thursday but then fell to reach the $107 level.

Gold prices continued to rise, to continue its gains for the fifth consecutive session.

Amid an interesting performance, the Japanese yen dropped to a two-decade low by midweek trading as the USD/JPY pair made gains

Despite the stronger than expected numbers of US inflation figures, both in consumer price index and producer prices

Today, with the most important event for the euro pairs in the forex market, where the European Central Bank will announce its monetary policy decisions.