Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair held steady in early trading as the market continued to reflect on the strong US retail sales and weak consumer sentiment data.

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The CAC in Paris has rallied after gapping higher on Thursday to slam into a significant resistance barrier at the 6700 level.

The West Texas Intermediate Crude Oil market has shown itself to be positive again as we have broken above the $81.40 level.

The US dollar has fallen again against the Norwegian krone during trading on Thursday as the oil market continues to push the “Noki” even higher.

The S&P 500 rallied quite significantly to reach much higher during the trading session on Thursday.

The NASDAQ 100 has rallied quite significantly during the trading session on Thursday to show signs of life again.

The gold markets have gone back and forth on Thursday, showing a bit of hesitation at an area that of course will be important for multiple reasons.

The Aussie has rallied significantly during the course of the session on Thursday to reach towards the 200 day EMA before pulling back ever so slightly.

Bitcoin markets rallied initially during the session on Thursday but gave back gains in order to fall back into the previous consolidation area.

The British pound initially rally during the course of the trading session on Thursday but then turned around to show signs of exhaustion again.

The Euro initially rallied to break above the 1.16 level before turning around and showing signs of hesitation.

HEX/USD has come off highs of nearly 44 cents seen on the 9th of October, but the slight reversal lower, however, may prove to be a speculative opportunity for its backers.