Forex Daily Forecast, Analysis and Prediction

The S&P 500 pulled back a bit during the trading session on Thursday, as we had hit the highs again only to falter.

The Indian rupee initially lost a bit of ground against the US dollar during the trading session on Thursday, but continues to find a little bit of strength,

Silver markets continue to struggle with the $20 level above, an area that a lot of traders are desperately trying to take out.

The West Texas Intermediate Crude Oil market continues to sit still and put traders to sleep.

Gold markets fell hard during the trading session on Thursday, as we started to see a little bit of US dollar strength.

Paulo Guedes, the Brazilian Minister of the Economy, proposed changes to the tax system.

An article published in the Swiss Journal of Economics and Statistics suggested the use of a daily fever curve (f-curve) to gauge the health of the Swiss economy.

Risk appetite is an important part of the USD/MXN forex pair.

The Euro broke through the 1.14 level during the trading session on Wednesday, an area that has been a massive barrier.

The Australian dollar initially tried to rally during the trading session on Wednesday but gave up the gains above the 0.70 level.

The S&P 500 gapped higher to kick off the trading session on Wednesday but then rallied after that only to find sellers.

The US dollar fell rather hard during the trading session on Wednesday as the greenback continues to take it on the chin.

The NASDAQ 100 initially gapped higher during the trading session on Wednesday, rallied a bit, and then broke down quite drastically.

The British pound has been all over the place during the trading session again on Wednesday as the 1.2650 level continues to be a major barrier.

For four trading sessions in a row, the EUR/USD price is moving in an upward correction range that pushed it towards the 1.1451 resistance.