Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 has gone a bit parabolic over the last couple days, as the Federal Reserve is now out of the way.

The S&P 500 has rallied a bit during the course of the trading session on Thursday to reach above the 4650 handle.

The Euro has fallen a bit on Thursday, reaching towards the 1.1525 level.

The storm of the US Federal Reserve’s announcement passed relatively peacefully in relation to the performance of the EUR/USD.

Today will see an important event for the GBP/USD, which is the Bank of England's announcement of its monetary policy decisions.

Despite the announcement from the US Federal Reserve about its decision to reduce bond purchases, the USD/JPY remained stable around the 114.00 resistance.

I expected that gold may decline with the announcement of the US Federal Reserve, and indeed gold fell to $1758.

The USD/TRY continues to trade within the upper tier of record breaking prices, and the lack of a serious selloff could propel more speculation.

The USD/BRL came off mid-term highs yesterday and traded lower as financial institutions likely reacted to the U.S. Federal Reserve’s monetary policy statement.

The USD/MXN turned in a rather dramatic trading performance yesterday, but one that was anticipated taking into account nervous conditions.

The NZD/USD has managed to maintain the upper part of its mid-term range, and after a reversal lower yesterday has seen some buying.

The German market was a bit quiet on Wednesday, but it is obvious that we still are very bullish, so think it is only a matter of time before we continue to go higher.

The FTSE 100 went back and forth on Wednesday, as we are trying to keep above the 7200 level.

The USD/NOK is a pair that most retail traders tend to ignore, which is too bad.

The crude oil inventory number showed a bigger-than-anticipated build, but at the end of the day, the crude oil market is still very much in an uptrend.