Forex Daily Forecast, Analysis and Prediction

The Australian dollar is an absolute horrible currency to trade at this point.

While most cryptocurrencies bounced higher following a sharp sell-off led by Bitcoin, the bearish trend remains dominant

Brexit has taken a back-seat as the December 12th 2019 UK election remains the center of attention.

AUDUSD: Bears back in control

The West Texas Intermediate Crude market was all over the place during the trading session on Wednesday, in what would have been very thin trading as far as volume is concerned.

The US dollar has rallied again during the trading session on Wednesday, in what would have been thin trading due to the Thanksgiving holiday.

USDJPY: Long-term bullish breakout

Natural gas markets initially tried to rally during the trading session on Wednesday, but then broke down as we got above the 50 day EMA.

Bitcoin: Long-term buyers step in?

Gold markets have fallen a bit during the trading session on Wednesday but have also found plenty of support near the $1450 level.

GBPUSD: More bullish on new opinion poll forecasting strong government victory

Japanese retail sales plunged in October at a rate twice of the September expansion.

This morning’s Australian economic data showed an unexpected contraction in private capital expenditure for Q3, and Q2 was revised down to show a bigger contraction

EURUSD: Pivotal point at 1.0993 holding

After today, there will be no major economic releases until the end of this week's trading.