Forex Daily Forecast, Analysis and Prediction

The lira fell sharply during trading on Thursday as the dollar rose against the major currencies and emerging market currencies, amid the demand for safe haven currencies after the Russian military moves in Ukraine.

The USD/RUB has seen a sharp move higher since late last night, when it became clear Russia is undertaking offensive military operations in the Ukraine.

Spot natural gas prices (CFDS ON NATURAL GAS) jumped up during the recent trading at the intraday levels, to achieve strong daily gains until the moment of writing this report.

The Dow Jones Industrial Average continued to decline in its recent trading at the intraday levels, to record losses for the fifth consecutive session, by -1.38%.

All that we expected for the price of gold since approaching the psychological peak of 1900 dollars was achieved, as the price of gold moved today towards the resistance level of $1950.

After several attempts to stand firm, the price of the GBP/USD currency pair fell to the support level 1.3485 at the time of writing the analysis.

Expanding the scope of Russian military operations means that the invasion of Ukraine is very likely, and thus the suffering of the euro has increased in the Forex market.

Despite the importance of announcing the results of US economic data today, the markets are reacting strongly to the developments in Europe.

ETH/USD has been hit by a strong wave of selling pressure overnight as nervous sentiment has gripped global speculative assets firmly.

Bitcoin continues to approach long-term lows near $30k.

The Monero market tried to rally a bit during the course of the trading session on Wednesday as the $150 level continues to see quite a bit of support around it.

ZCash has rallied ever so slightly during the trading session on Wednesday as we continue to pay close attention to the $100 level.

The British pound has tried to rally during most of the month of February but continues to find quite a bit of resistance above.

The euro has had a rather tough month of February, as concerns about war on the Ukrainian border have caused a flight to safety.

Gold markets have exploded to the upside during the month of February as global geopolitical risks continue to capture the headlines, right along with inflationary headwinds.