Forex Daily Forecast, Analysis and Prediction

The USD/BRL has pulled back a bit initially during the trading session on Thursday as we continue to hang around the 5.20 BRL level.

The USD/JPY has rallied during the trading session again on Thursday as we continue to threaten the psychologically important ¥150 level.

Silver markets rallied to begin the trading session on Thursday, but by the end of the day gave back almost all the gains.

The Australian dollar has initially tried to rally during the trading session on Thursday but gave bank gain as we continue to see plenty of concerns.

The Turkish lira varied against the US dollar, as it continued to trade near its lowest levels ever.

The Dow Jones Industrial Average declined in its recent trading at the intraday levels, breaking a series of gains that continued for two consecutive days.

Spot natural gas prices (CFDS ON NATURAL GAS) settled lower in early trading on Thursday, to achieve slight gains until the moment of writing this report, by 2.01%.

The continued strength of the US dollar contributed to the decline in the price of XAU/USD (gold) towards the support level of $ 1622 an ounce, its lowest level in three weeks.

The price of the USD/JPY is now on the cusp of the 150.00 historical psychological resistance.

Sterling was temporarily left faltering against the dollar and the euro after data from the Office for National Statistics indicated UK inflation rose more than expected in the September.

For the second day in a row, the price of the euro currency pair EUR/USD is subjected to selling operations.

Price is close to 2.5 year high on strong Dollar.

The West Texas Intermediate Crude Oil market has gone back and forth during choppy trading on Wednesday, as we continue to see a lot of questions asked about the direction of the world economy.

The USD/CAD has rallied again during the trading session on Wednesday, as we are threatening to break out above the 1.38 level.

Gold markets have sold off drastically during the trading session on Wednesday as we continue to see a lot of strength in the US dollar and of course the US interest rates.