Forex Daily Forecast, Analysis and Prediction

The S&P 500 rallied a bit heading into the month of August, as we have pierced the 4000 level.

The NASDAQ 100 tried to recover toward the end of the month in July, as we are very volatile, to say the least.

As the month of July is ready to close BTC/USD has produced a more positive trajectory, but gains have proven incremental and the speculative struggle ensues.

The gold markets have rallied rather significantly for the second day in a row.

The Australian dollar initially tried to rally during the session on Thursday as we reached the 0.70 level.

The US dollar has broken down during the trading session on Thursday, slicing below the bottom of the up-trending channel that I had been following.

The NASDAQ 100 initially sold off during the trading session on Thursday as GDP numbers came out much weaker than anticipated.

The S&P 500 has rallied again during the trading session on Thursday as we continue to see a line of noisy behavior.

The British pound has pulled back a bit during the training session as the US dollar has picked up a bit of strength.

The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Thursday.

Bitcoin has rallied significantly during the session on Wednesday, and of course, Thursday has seen a little bit of follow-through.

Ethereum has rallied a little bit of bullish pressure to the outside during the day on Thursday as we look like we are going to try to get to the $1800 level.

The Euro went back and forth during the trading session on Thursday as traders still have no idea what to do about the Federal Reserve.

Every time the EUR/USD price attempts to bounce higher, weaknesses come to remind investors and markets that the euro may remain under downward pressure for a longer period of time.

Despite the announcement of the US interest rate hike, as expected, the price of gold gained momentum and rose towards the resistance level of 1740 dollars an ounce.