Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair crossed an important support level as investors embraced a risk-off approach ahead of the upcoming Australian consumer inflation data.

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Litecoin has rallied a bit during the trading session on Thursday as we continue to hang about the $140 level.

Solana has bounced during the trading session on Thursday to recapture the $141 level, gaining almost 4%.

The German index has rallied during the session on Thursday, as we continue to hang on to the 50 day EMA.

The NASDAQ 100 has tried to rally during the trading session on Thursday but gave back the gains rather quickly.

The S&P 500 shot higher during the trading session to test the bottom of the previous trendline but has pulled back rather significantly from that level.

Bitcoin markets have bounced a bit during the trading session on Thursday to gain a little bit over 3%.

Gold markets initially shot higher during the trading session on Thursday again, but now look as if the momentum is starting to run out.

The West Texas Intermediate Crude Oil market has completely ignored poor inventory numbers in order to turn around and show signs of strength.

The Aussie dollar has rallied during the trading session on Thursday to break significantly above the 50 day EMA.

The British pound initially rallied on Thursday but continues to struggle above the 1.3650 level as we have pulled back from there again.

The Japanese yen remained outperforming among the major currencies in the middle of this week’s trading.