Forex Daily Forecast, Analysis and Prediction

Spot natural gas prices (CFDS ON NATURAL GAS) rose in early trading on Thursday.

Due to the recovery of the US dollar, gold futures settled lower.

The USD/TRY has turned in a rather dynamic month of trading as it has consolidated, and has even managed to hold its value stable, but this is likely not a good thing.

The USD/CAD has taken on a consolidated stance this week and traders should be careful based on the notion sentiment remains fragile in the financial world.

The West Texas Intermediate Crude Oil market has done very little for the last several weeks, bouncing around in the same area that we have been in for a while.

The NZD/USD has found the 0.62 level to be a bit much to get above, as we are suddenly running out of momentum.

The EUR/GBP continues to bounce around in a relatively tight range, as we initially rallied to reach the 0.88 level, but then turned around to show signs of weakness again.

The BTC/USD has dropped a bit during the trading session on Wednesday, as we continue to see the fallout from the FTX debacle.

The AUD/USD initially trying to rally during the trading session on Wednesday but continues to struggle around the 0.68 level.

My previous EUR/USD signal on 13th October produced a profitable trade from the bullish inside hourly candlestick.

The S&P 500 pulled back a bit during the trading session on Wednesday again, as the 4000 level continues to offer a bit of resistance.

The NASDAQ 100 has pulled back a bit during the trading session on Wednesday, as retail sales came out hotter than anticipated.

The gold markets have gone back and forth during the trading session on Wednesday, as we are approaching the crucial $1800 level.

The EUR/USD rallied a bit during the trading session on Wednesday, testing the 200-Day EMA.

The GBP/USD has initially tried to rally during the trading session on Wednesday but gave back gains yet again as we continue to see the 1.20 level above offering psychological resistance.