Forex Daily Forecast, Analysis and Prediction

The US dollar has fallen against the Mexican peso during the trading session on Thursday again, reaching down towards the 19.85 level.

The NASDAQ 100 initially tried to rally during the trading session on Thursday, and was very strong almost immediately as soon as the Americans got on board trading the underlying index.

The S&P 500 rallied a bit during the trading session on Thursday to reach above the 4400 level, which of course is a large, round, psychologically significant number

The Euro has broken above the top of the candlestick for the trading session on Wednesday during the Thursday session, as it is now starting to approach the 200 day EMA.

The British pound has rallied significantly during the course of the trading session on Thursday to reach close to the 1.40 handle above, which is a large, round, psychologically significant figure.

The Australian dollar has rallied a bit during the course of the trading session on Thursday to go looking towards the 0.74 handle.

The bitcoin markets have rallied ever so slightly to kick off the trading session on Thursday but gave back a bit of the gains in order to show signs of exhaustion.

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.