Forex Daily Forecast, Analysis and Prediction

The AUD/USD price retreated slightly as traders looked at the happenings in Australia where New South Wales (NSW) reported more COVID cases.

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The NASDAQ 100 pulled back a bit during the course of the trading session on Thursday, but it is worth noting that we recovered about half of the losses.

The US dollar has rallied significantly during the course of the trading session on Thursday to reach towards the 200 day EMA but gave back about half of the gains.

The FTSE 100 has had a rough session during the day on Thursday, breaking through the 50 day EMA in a very negative move.

The West Texas Intermediate Crude Oil market initially fell during the course of the trading session to find support near the $71 level.

The S&P 500 has fallen during the course of the trading session on Thursday as yields in America have continued to fall.

The Euro has recovered a bit during the course of the trading session on Thursday to reach towards the 1.1850 level.

The British pound has fallen a bit during the trading session on Thursday to reach down towards the 1.3750 level only to bounce a bit and form a bit of a hammer.

Bitcoin has pulled back a bit during the trading session again on Thursday to reach down towards the $33,000 level.

The Aussie dollar has broken down again during the trading session on Thursday as we continue to grind lower.

Gold markets initially tried to rally during the course of the trading session on Thursday to reach towards the 50 day EMA.

The Fed’s confidence in the US economic recovery and policy tightening is imminent.