Forex Daily Forecast, Analysis and Prediction

Selling pressure in the Swiss Franc started to ease which deflated bullish momentum in the EUR/CHF after it reached its short-term resistance zone.

Positive developments out of China this weekend regarding intellectual property violations have allowed Asian markets to start in the green and the Australian Dollar advanced.

USDCHF Analysis: Bulls approaching pivotal parity level

GBPUSD: Strong support likely at 1.2822

EURUSD: Pivotal point at 1.0993

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With trade tension on the rise once again after US President Trump threatened more tariffs unless China accepts US demands and China pessimistic about a significant trade deal,

Singapore continues to benefit from capital outflows out of Hong Kong as a result of intensifying unrest, but the positive effects are likely to diminish

Bullish momentum is fading after the EUR/AUD reached its short-term resistance zone.

While the long-term outlook for the NZD/USD remains bullish, a short-term corrective phase is expected to follow the breakdown in this currency pair below its resistance zone

The US dollar fell a bit during the trading session on Thursday, reaching down to the 50 day EMA before turning around completely.

The S&P 500 continues to show signs of confusion at this point, as the market may have gotten a bit ahead of itself.

The NASDAQ 100 has gapped lower to kick off the Thursday session only to go back and forth and show signs of confusion yet again.