EUR/USD and GBP/USD Forecast
The EUR/USD pair had a volatile Thursday session as the ECB released an interest rate decision, but more importantly had a news conference afterwards.
USD/JPY and AUD/USD Forecast
The USD/JPY pair initially tried to rally during the Thursday session, but found resistance at the 50 day exponential moving average again.
WTI Crude Oil and Natural Gas Forecast
The WTI Crude Oil market broke down significantly during the Thursday session, but we bounced significantly as well, and the daily candle ended up forming a hammer.
S&P 500 and NASDAQ 100 Forecast
The S&P 500 went back and forth on Thursday, but ultimately ended up forming a slightly positive candle. The NASDAQ 100 rallied during the Thursday session, breaking above the top of the Wednesday session.
Gold Remains Under Pressure as Dollar Firms
Gold edged lower on Thursday, giving up the gains made in the previous session, as the dollar strengthened after comments from European Central Bank President Mario Draghi weakened the euro.
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