Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 fell a bit during the trading session to reach down towards the $12,250 level, only to turn around and form a hammer as the market had an extraordinarily big turnaround.

The USD/SGD’s long term bearish momentum appears to be is serious jeopardy today as buying momentum has arisen and resistance levels have been decimated.

Since the start of March ETH/USD has fought off short term bearish momentum and produced incremental climbs in value.

The USD/MXN has likely crushed short term speculators who have been trying to sell the forex pair.

Key resistance level at $51,837 looks likely to be today’s pivotal point.

The EUR/USD price declined in early trading as investors reacted to the latest $1.9 trillion stimulus package passed during the weekend.

The AUD/USD rose in early trading as investors digested the superb Chinese trade numbers and the new US stimulus.

The U.S. dollar is likely to be the key driver today.

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The West Texas Intermediate Crude Oil market has rallied rather significantly during the trading session on Thursday to touch the $65 level.

The FTSE 100 has gone back and forth during the course of the trading session on Thursday as we continue to see the 6600 level offer quite a bit of both support and resistance.

The US dollar initially fell a bit during the trading session on Thursday to kick off the session and reach towards the 1.26 handle.

The S&P 500 has broken down significantly during the trading session on Thursday to slice down through the 50 day EMA and continue to go down to the previous uptrend line.