Forex Daily Forecast, Analysis and Prediction

The euro rallied just a bit on Wednesday as the 1.14 level has offered a little bit of support.

The British pound rolled over on Wednesday as we touched the 200-day EMA early in the session, only to give up those gains and form a rather ugly candlestick.

The S&P 500 rallied a bit on Thursday as we continue to see a lot of noisy behavior.

The NASDAQ 100 broke higher on Thursday as J.P. Morgan has stated there are “whisper numbers” of lower than anticipated inflation figures.

The US dollar fell a bit on Wednesday after initially trying to rally.

The GBP/USD pair declined slightly after an important warning by the Bank of England’s chief economist.

The EUR/USD pair tilted higher on Thursday morning as focus shifted to the upcoming US consumer price index (CPI) data.

The AUD/USD bullish momentum continued as investors continued cheering Australia’s reopening plans.

Gold futures settled higher to extend gains for the third consecutive session, even as the dollar held steady against other currencies.

For four trading sessions in a row, the price of the USD/JPY currency pair is moving amid bullish momentum.

We mentioned before that the sterling pound may remain supported in the future by the expectations of raising interest rates, and that the recent decline may be an opportunity to buy.

The euro tried to consolidate after European Central Bank President Christine Lagarde tried to calm market expectations of higher interest rates in the euro zone by appearing before EU lawmakers.

The price of the Turkish lira varied against the dollar during the early trading on Wednesday.

Yesterday, natural gas prices took some breaths after a series of big drops, with Nymex gas futures for March finally settling just 1.6 cents higher at $4,248.

The US dollar did rally just a bit against the Singapore dollar, but as you can see, we are sitting on top of major support.