Forex Daily Forecast, Analysis and Prediction

The Euro has fallen a bit on Thursday, reaching towards the 1.1525 level.

The storm of the US Federal Reserve’s announcement passed relatively peacefully in relation to the performance of the EUR/USD.

Today will see an important event for the GBP/USD, which is the Bank of England's announcement of its monetary policy decisions.

Despite the announcement from the US Federal Reserve about its decision to reduce bond purchases, the USD/JPY remained stable around the 114.00 resistance.

I expected that gold may decline with the announcement of the US Federal Reserve, and indeed gold fell to $1758.

The USD/TRY continues to trade within the upper tier of record breaking prices, and the lack of a serious selloff could propel more speculation.

The USD/BRL came off mid-term highs yesterday and traded lower as financial institutions likely reacted to the U.S. Federal Reserve’s monetary policy statement.

The USD/MXN turned in a rather dramatic trading performance yesterday, but one that was anticipated taking into account nervous conditions.

The NZD/USD has managed to maintain the upper part of its mid-term range, and after a reversal lower yesterday has seen some buying.

The German market was a bit quiet on Wednesday, but it is obvious that we still are very bullish, so think it is only a matter of time before we continue to go higher.

The FTSE 100 went back and forth on Wednesday, as we are trying to keep above the 7200 level.

The USD/NOK is a pair that most retail traders tend to ignore, which is too bad.

The crude oil inventory number showed a bigger-than-anticipated build, but at the end of the day, the crude oil market is still very much in an uptrend.

Gold markets fell rather hard on Wednesday, slicing through the 50-day EMA like it was not even there.

The Australian dollar initially tried to rally on Wednesday but continues to look at the 200-day EMA as a potential barrier.