Forex Daily Forecast, Analysis and Prediction

The Thursday session was rather quiet in the US dollar against the Canadian dollar currency pair, which makes quite a bit of sense due to the fact that it was Independence Day.

USD/TRY currency pair stabilized during the morning of Thursday, as the pair traded in the same range it recorded after the inflation data released yesterday.

The euro against the dollar (EUR/USD) found an opportunity to move higher following investor reaction to the minutes of the latest Federal Reserve meeting.

The dollar weakened after a weekly survey showed an increase in the number of US jobless claims, but selling interest had already peaked after the ISM services survey showed an unexpectedly sharp slowdown in activity.

The Japanese yen fell to around 162 yen against the dollar, falling further to its lowest level since 1986, keeping markets wary of further government intervention.

Gold prices rose to $2365 an ounce during yesterday's trading session, hovering near their highest level in a month.

The Hang Seng 50 has rallied pretty significantly during the trading session on Wednesday as Hong Kong has seen money flowing back into it.

The US dollar has fallen pretty significantly during the trading session on Wednesday, as it looks like we continue to consolidate against the Mexican peso overall.

Conditions remain rather nervous technically for the USD/ILS as it remains within the higher elements of its mid-term range.

This price level is within the middle of the one and three month value realm for the USD/PKR.

In my daily GBP/CHF analysis, it’s a lot more of the same.

I see clearly that this is a very bullish market, and that it should continue to strengthen.

I see that we are threatening a major break out

I see that we have a lot of support in this general vicinity.

I can see that the AUD/USD pair is trying to break out to the upside but has a lot to work through.