Forex Daily Forecast, Analysis and Prediction

Bitcoin markets rallied a bit initially during the trading session on Thursday but found enough resistance near the highs of the last couple of days to roll over yet again.

The US dollar has fallen a bit during the trading session on Thursday, reaching down towards a support barrier based on the previous consolidation during the month of August.

The Australian dollar has rallied a bit during the trading session on Thursday to break the top of the hammer from Wednesday.

The S&P 500 initially fell during the trading session on Thursday, reaching down below the 200 day EMA which of course is a very important indicator on longer-term charts.

USD/CHF: How strong is the resistance zone?

NZD/USD: More upside following breakout

EUR/JPY: Can price action reverse from support?

During the trading on Thursday, October 3, 2019, financial markets and investors in the forex trading market are on a date with the announcement of the Purchasing Managers' Index

Investors are rushing to buy safe havens again as renewed fears of a failed US-China trade talk round and a bleak Brexit scene, and the yen shrugged off an increase in sales tax in Japan starting this month.

In our recent technical analysis, with the price of gold correcting down to the $1495 support, the lowest in nearly two months,

The single currency lacks momentum for gains against the other major currencies as the economic performance of the Eurozone continues to weaken, led by its largest economy, Germany.

The GBP is trying to take advantage of any positive development on the Brexit track to avoid further record losses.

Continuous bearish momentum pushed EUR / USD to test the 1.0880 support, its lowest level in 28 months,

Gold: Will safe haven demand extend the rally?

The S&P 500 has fallen quite a bit during the trading session on Wednesday, slamming into the 2875 handle.