Forex Daily Forecast, Analysis and Prediction

The USD/JPY has reversed from highs achieved a couple of days ago, but remains stubbornly perched within the loftier part of its long term range.

As of this writing the NZD/USD is trading near short term highs around the 0.62325 ratio.

The EUR/USD price moved sideways on Thursday morning as investors waited for the upcoming European Central Bank (ECB) minutes.

The US dollar has fallen a bit during the trading session on Wednesday in an almost exact copy of the previous 24 hours.

The AUD/USD has fallen a bit during the trading session on Wednesday as the market continues to drift around the 0.69 level.

The GBP/USD price has room to rise and seems unwilling to fall further, with no key resistance levels overhead until $22,713.

The GBP/USD has fallen a bit during the trading session on Wednesday as we continue to see the US dollar strengthen against almost everything.

The ETH/USD has dipped a little bit during the trading session on Wednesday but found buyers on the dip to continue to hang around the 50 Day EMA.

The AUD/USD price retreated slightly ahead of the upcoming Jackson Hole Symposium in Wyoming and the second estimate of US GDP data.

The BTC/USD continues to go back and forth during the trading session on Wednesday as we continue to hang around the $21,500 level.

The GBP/USD price was in a tight range on Thursday morning as market participants waited for commentaries by Jerome Powell and Andrew Bailey.

The EUR/USD has been very noisy during the trading session on Wednesday as we continue to hover just below the parity level.

The NASDAQ 100 has done very little during the trading session on Wednesday as we continue to sit just above the 50 Day EMA.

The S&P 500 has rallied slightly during the trading session on Wednesday as we are waiting to see what Jerome Powell has to say on Friday.

The USD/ZAR has gone back and forth during the trading session on Wednesday as it looks like we are running out of momentum.