Forex Daily Forecast, Analysis and Prediction

The NZD/USD has been very noisy during the trading session on Thursday, as the US dollar has been all over the place.

The NASDAQ 100 continues to fall quite significantly during the Thursday session, as we see technology stocks get absolutely hammered.

The EUR/USD has been rather negative during the trading session on Thursday, as the market has seen the European Central Bank raise interest rates to the expected 2%.

The West Texas Intermediate Crude Oil market has initially pulled back just a bit during the trading session on Thursday, but the 50-Day EMA has offered enough support to turn things around.

The USD/JPY pulled back a bit again during the trading session on Thursday as we tested the ¥145 region.

The gold market initially tried to rally during the trading session on Thursday but gave back gains as we continue to see a lot of noisy behavior and a lot of questions about the interest rate market.

The DAX initially pulled back a bit, but traders in Frankfurt started pushing the market higher as they waited for the ECB interest rate decision.

The AUD/USD initially plunged during trading on Thursday, but the US dollar has been all over the place as people begin to speculate on what the Fed may or may not do going forward.

The exchange rate of the USD/TRY did not change during the early trading Thursday morning.

Prior to the announcement of a package of important US economic data, the USD/JPY currency pair is exposed to expected selling operations.

Gold markets have tried to rally during the trading session on Wednesday but continues to see a lot of trouble near the $1680 level.

In conjunction with the decline of the US dollar, the XAU/USD (gold) price finds the opportunity to rebound to its highest gains this week.

The exchange rate of the pound against the dollar, GBP/USD, rose more in the middle of this week’s trading, to reach its highest level since mid-September, with gains towards the 1.1645 resistance level.

Bitcoin has rallied significantly during the trading session on Wednesday as we are now threatening the $21,000 level.

Ahead of the most important event for the euro pairs this week, the European Central Bank’s policy decisions, the price of the euro currency pair against the dollar, EUR/USD, moves amid a strong bullish momentum.