Forex Daily Forecast, Analysis and Prediction

Start the week of December 20, 2021 with our Forex forecast focusing on major currency pairs here.

The FTSE 100 has gapped higher to kick off the session on Thursday but did struggle a bit towards the top of the range, as we stopped right at the 7275 level.

The Euro rallied a bit on Thursday as Christine Largarde suggested that the economy could come roaring back next year.

The British pound has rallied a bit during the course of the trading session on Thursday but has given up about half of the gains.

The S&P 500 initially rally during the trading session on Thursday, but then sold off quite drastically.

The NASDAQ 100 has initially tried to rally during the day on Thursday to continue the recovery that kicked off on Wednesday after the FOMC meeting.

Gold markets have rallied significantly during the trading session on Thursday to reach towards the 200 day EMA.

Silver markets have had a big day on Thursday to reach towards the $22.50 level.

The Bitcoin market has fallen just a bit during the trading session on Thursday as we continue to trade back and forth overall.

The WTI Crude Oil market rallied a bit on Thursday, initially gapping higher and then shooting straight towards the $72.60 level.

The US dollar has fallen again during the trading session on Thursday as the Canadian dollar continues to get a bit of a boost.

The S&P 500 produced significant gains yesterday in the aftermath of the Federal Reserve's monetary policy pronouncements.

As expected volatility was a dominant feature of the NZD/USD as the U.S. Federal Reserve policy was anticipated and acted upon yesterday.

The price of gold fell strongly after the US Federal Reserve announced plan to end asset purchases and start with three interest rate increases in 2022.

Despite the high inflation figures in Britain, the GBP/USD currency pair fell to the 1.3171 support level.