Forex Daily Forecast, Analysis and Prediction

The Nikkei 225 initially tried to rally during the session on Thursday but has given back much of the gain to the ¥26,400 level.

The Euro has fallen during the trading session on Thursday as we continue to go back and forth, with the 1.05 level being a bit of a magnet for price.

The US dollar has fallen from the ¥136 level, reaching below the ¥135 level during the day on Thursday.

The Turkish lira has stabilized as investors follow the efforts of the Turkish government to maintain the stability of the local currency.

Gold futures settled lower, to continue falling to the fourth session in a row. However, with the dollar weakening, the downside for gold was marginal.

The record bullish breakouts of the USD/JPY currency pair do not stop, and reached the resistance level of 136.72, the highest for the currency pair in 24 years.

The Governor of the US Central Bank, Jerome Powell, reiterated his bank's intention to raise the pace of increasing US interest rates at any rates in order to control the bank's goal in US inflation.

Spot natural gas prices (CFDS ON NATURAL GAS) declined in their recent trading at the intraday levels, to record daily losses until the moment of writing this report, by -0.90%.

The Dow Jones Industrial Average returned to decline during its recent trading at the intraday levels, to record losses in its last sessions, by -0.15%, to lose the index by -47.12 points.

SOL/USD is trading near short-term highs in early trading this morning, and the ability of Solana to produce rather quick results on speculative wagers can prove enticing.

ETH/USD continues to traverse in a rather tight price range early this morning, giving speculators a chance to test their short term outlooks.

Buyers remain below $20k.

Cardano has done very little over the last couple of weeks, as it has been hanging out just above the $0.45 level.

The West Texas Intermediate Crude Oil market fell during most of the session on Wednesday but did see a bit of recovery late in the day.

The Canadian dollar initially dropped Wednesday but saw a nice recovery late in the day.