Forex Daily Forecast, Analysis and Prediction

The Ethereum market has rallied a bit during the trading session on Thursday as we continue to see a little bit of bullish pressure.

Bitcoin has rallied significantly during the trading session on Thursday to reach the $25,000 level.

The US dollar initially fell on Thursday but found the support level that I had been talking about previously as reason enough to get long.

The Dow Jones Industrial Average Index returned during its recent trading at the intraday levels, to achieve gains in its last sessions by 1.63%, to add about 535.10 points to it.

There is no doubt that the decline in US inflation rates stronger than expected contributed a lot to the decline of the US dollar against the rest of the other major currencies.

Spot natural gas prices rose in the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 1.12%.

The GBP/USD exchange rate rose by more than a percentage yesterday to 1.2277 after US CPI inflation rose 8.5% in the year to July,

US inflation figures shook the strength of expectations for the future of a strong and continuous tightening of the US Federal Reserve.

The decline in US inflation rates, stronger than expected, negatively affected the path of expectations of raising US interest rates in the coming months.

ETH/USD has produced a solid upwards climb the past day of trading and has touched the 1900.00 level in early trading today.

The EUR/GBP has climbed in early trading this morning, this after finding a groundswell of support yesterday via technical interpretations.

Still selling off from yesterday’s spike to above $1.0350.

The S&P 500 Index rallied a bit on Wednesday as the CPI numbers came out cooler than anticipated.

The West Texas Intermediate Crude Oil market pulled back initially on Wednesday to test the lows yet again.

The AUD/USD currency pair rallied significantly on Wednesday as the CPI number came out much cooler than anticipated.