Forex Daily Forecast, Analysis and Prediction

During my daily analysis of the GBP/JPY pair, I noticed that we have broken above the crucial ¥194 level, and therefore I think we are getting ready to see a much bigger move.

In my daily analysis of minor currency pairs, one of the ones that has caught my attention more than anything else is the AUD/CHF pair.

During my daily analysis of the commodity markets, I’ve noticed that the West Texas Intermediate Crude Oil market has plunged again, to break down below the $68 level.

During the analysis of exotic currency pairs around the world, I noticed that the US dollar initially fell against the Mexican peso, only to turn around and show signs of life again.

During my daily analysis of the commodity markets, silver caught my attention as we managed to break above the $32.50 level, showing signs of life.

During Thursday’s trading session, there has been a lot of back-and-forth movement around the 50-day EMA.

The British pound has rallied against the US dollar during the trading session on Thursday as it looks like we are trying to recover some of the losses from the Wednesday session.

The gold market initially rallied during the trading session on Thursday but started to show signs of exhaustion again.

The New Zealand dollar has rallied a bit against the US dollar during trading on Thursday, in a bid to recover some of the losses from the Wednesday session.

During the trading session on Thursday as I look around the various large currencies and main currency pairs, the US dollar looks as if it is trying to do everything it can to stabilize a bit against the Canadian dollar.

The dollar has remained stable against the Turkish lira, which continues to trade in the same range around the 34-lira level for the past few weeks.

The USD/JPY pair rebounded in mid-week trading to reach the resistance level of 144.60, recovering from earlier losses that had taken it to the support level of 142.88.

Gold prices climbed above $2670 per ounce on Wednesday, hitting another record high, as expectations of further monetary easing and rising geopolitical tensions boosted the appeal of the precious metal.

The Pound Sterling is relinquishing some of its recent gains against both the Euro and the US Dollar.

Amid a sudden upward momentum, the EUR/USD pair gained, surpassing the psychological resistance level of 1.1200 and reaching 1.1214 before facing profit-taking, which was frequently mentioned as a possibility in case the 1.1200 resistance was broken.