Forex Daily Forecast, Analysis and Prediction

The gold markets initially gapped higher to kick off the trading session on Thursday and then went straight up in the air to reach towards the top of the consolidation area

Investors abandoned the US dollar after the announcement of the Federal Reserve's policy update that was a catalyst for gold bulls to push prices to the level of 1819 dollars an ounce

As was expected, the US Central Bank kept its monetary policy numbers unchanged, contingent on the future of tightening its policy with continuous progress towards the goals of growth, employment and inflation.

The US Federal Reserve indicated that the Corona variable threat to the economic performance of the USA weakened the price of the US dollar against the rest of the other major currencies.

For seven trading sessions in a row, the GBP/USD currency pair is moving within the range of an upward correction channel.

The USD/CAD has continued to prove that support levels are vulnerable in early trading today, as the Forex pair has punctured lower values and is suddenly challenging mid-July prices.

The AUD remains a relatively weak currency.

The bulls have finally overcome the 1.1850 barrier.

After coming within sight of the 1.36200 briefly yesterday, the USD/SGD ignited a swift and violent selling storm as support levels were brushed aside easily.

The USD/ZAR has traded lower the past twelve hours after hitting a short-term high of 14.88000 yesterday, and the Forex pair is now challenging intriguing support levels.

After making highs near 1.400000 earlier this week, ADA/USD is now battling important resistance as traders consider their next moves.

The S&P 500 initially gapped lower to kick off the trading session on Wednesday but then turned around to fill the gap.

The NASDAQ 100 gapped lower to kick off the trading session on Wednesday as traders continue to have a healthy respect for the uptrend line that had been tested during the previous session.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Wednesday as we continue to hear a lot of noise in general.

The FTSE 100 pulled back again during the trading session on Wednesday, only to turn around and show signs of life.