Forex Daily Forecast, Analysis and Prediction

The Aussie dollar tried to rally again during the trading session on Thursday but found resistance at the 50% Fibonacci retracement level as well, and now it looks as if we are running out of momentum.

The US dollar has initially pulled back during the trading session on Thursday, reaching down towards the bottom of the Wednesday session, before bouncing and breaking above the ¥108 level.

During Thursday's trading, the most important event for the Euro this week will be the monetary policy announcement from the ECB.

The technical outlook for GBP / USD remains unchanged.

Since the beginning of Thursday's trading, the most important of this week, the price of gold is moving in an upward movement, which reached the $1502 resistance at the time of writing.

Investors continue to take risk appetite and the strengthening of the US currency amid recent optimism over the trade dispute between the US and China

As the risk of a no deal Brexit appears to be averted for the time being, the GBP/USD was able to recover to the upside.

NZDUSD: Consolidation continues to hold

AUDUSD: Bullish to 0.6917

USDJPY: Bearish pullback in bullish wave

Bitcoin: Buyers and sellers very evenly matched

During the session on Wednesday Gold markets rallied slightly after initially dropping lower, hovering around the $1500 level.

The NASDAQ 100 rallied a bit during the trading session on Wednesday, testing the 7800 level before shooting higher in the air.

The WTI Crude Oil market fell rather hard during the trading session on Wednesday, even though the inventory number was very strong.

The stock markets rallied late in the day on Wednesday which of course is a very bullish sign as it signifies that institutional traders are jumping into the market, and such larger pools of capital such as retirement funds are buying stocks.