Forex Daily Forecast, Analysis and Prediction

The Bitcoin markets have rallied a bit during the Thanksgiving session on Thursday, showing signs of life again.

The British pound has gone back and forth, but it was Thanksgiving in the United States, suggesting that there would have been a serious lack of liquidity.

The Euro has initially tried to rally on Thursday but gave back the gains, despite the fact that the Americans were away at Thanksgiving.

The USD/MXN has extended its bullish momentum and traded to new highs and is challenging values not seen March of this year.

The USD/ZAR moved above long-term highs and appears to be sustaining its upward price realm in a calm trading environment, but traders need to be careful.

Gold prices closed slightly higher after a four-session decline, despite the rise of the US dollar and a group of US economic reports that were mostly positive.

Investors weighed expectations about the future of monetary policy tightening by the Bank of England and the US Federal Reserve, which favor the US dollar.

The positive results of US economic data balanced out expectations of raising interest rates.

Undoubtedly, expectations of raising US interest rates helped US dollar pairs achieve strong and sharp gains.

The price has reached new 1-year lows below $1.1200.

The FTSE 100 fell after initially gapping higher on Wednesday but then fell almost immediately.

The DAX fell rather significantly on Wednesday, reaching down below the 50-day EMA.

Gold markets went back and forth on Wednesday as we have finally seen stabilization in a market that has been absolutely crushed over the last couple of sessions.

The S&P 500 fell a bit on Wednesday but has recovered quite nicely to form a bit of a hammer.

The NASDAQ 100 fell initially on Wednesday again, as it looks like the buyers are willing to come in and jump towards this market as it gives value every time it pulls back.