Forex Daily Forecast, Analysis and Prediction

The German index pulled back during the trading session on Thursday as the 15,800 level continues to be a major issue for the DAX.

The S&P 500 has pulled back a bit during the trading session on Thursday, perhaps in reaction to the yields falling in the 10 year note, as they dropped below the 1.3% level.

The Parisian index has fallen a bit during the course of the trading session on Thursday as we continue to see quite a bit of risk out there when it comes to the global growth situation

The West Texas Intermediate Crude Oil market has fallen a bit during the course of the trading session on Thursday, reaching down towards the $71.50 level,

The NASDAQ 100 initially tried to rally again during the day on Thursday, but then pulled back significantly to break towards the uptrend line that I have drawn on the chart.

The Euro initially tried to rally to kick off the trading session on Thursday but gave back the gains as we ended up falling towards the 1.18 level again.

Bank of England member Saunders stated earlier in the session that perhaps the Bank of England would have to raise rates sooner than anticipated,

The Australian dollar has fallen significantly again during the course of the trading session on Thursday, as we are rapidly approaching the 0.74 level.

Gold markets have been all over the place during the place during the trading session on Thursday but have gone back and forth to show signs of hesitation at this point.

The bitcoin market has fallen during the course of the trading session on Thursday, as we continue to see a lot of negativity around the world.

For two trading sessions in a row, EUR/USD bears are facing an important support level of 1.1772, its lowest in three months.

At the beginning of this week’s trading, the price of the USD/JPY currency pair attempted to correct upwards.

The British government's determination to celebrate Freedom Day, July 19, despite threats of an increase in injuries in the country, causes a cautious stability of the pound sterling against the rest of the other major currencies.

Gold prices continued to rise despite the level of the US dollar, pushing the bulls to the resistance level of 1833 dollars an ounce, the highest price in a month.

Volatility continues to be displayed on a daily basis within the USD/CAD as the Forex pair reacts to a variety of factors pulling it in different directions.