Forex Daily Forecast, Analysis and Prediction

For the second day in a row, gold is stabilizing around $1870 after recent sell-offs that pushed the price of gold to $1850 in this week's trading.

The USD/BRL traversed higher again yesterday and finished its trading within short-term highs, and speculators now need to decide if the trend can be sustained.

The USD/ZAR has been able to create a solid consolidated price realm the past couple of days after producing another bullish run higher on the 16th of November.

The NASDAQ 100 initially rallied on Wednesday but gave back the gains in order to show signs of weakness.

The euro broke down significantly to plunge below the 1.13 handle, reaching towards the 1.1250 level.

The British pound started to dip slightly on Wednesday but turned around to show signs of strength.

The Bitcoin market initially on Wednesday but turned around to show signs of life again as the $60,000 level looks to be supported in this market.

The S&P 500 went back and forth on Wednesday as we hang around the 4700 level.

The price is trading near 1-year lows below $1.1338.

The GBP/USD pair tilted upwards on Wednesday and early Thursday as the market reflected on the overall strong economic data from the UK and the US.

The AUD/USD pair slipped to the lowest level since October 7 as investors reflected on the rising US dollar and the relatively dovish Reserve Bank of Australia (RBA).

The BTC/USD pair struggled to bounce back as it crashed to a multi-week low.

The US dollar rallied again on Wednesday, as we continue to see the greenback rally against almost everything.

The DAX went back and forth on Wednesday as the market seems to be hovering around the €16,250 level.

Gold markets rallied significantly on Wednesday as we continue to see a lot of bullish momentum.