Forex Daily Forecast, Analysis and Prediction

USD/INR: Difficult April Over, Speculators Look Forward

Bitcoin: Speculators Disappointed by BTC/USD Price Action?

The Bank of Canada has recently announced that they were going to taper from the bond purchase program, and that of course is a very bullish sign for the currency itself.

The German index broke down significantly during the course of the trading session on Thursday but then found support just above the 15,000 level

The NASDAQ 100 has gone back and forth during the trading session on Thursday as we continue to see a lot of volatility.

The West Texas Intermediate Crude Oil market has rallied a bit during the course of the trading session on Thursday to test the $65 level.

The Euro initially tried to rally during the trading session on Thursday but gave back the gains to form a bit of a shooting star

The S&P 500 had initially pulled back a bit during the course of the trading session but then turned around to break above the 4200 level.

The Australian dollar has initially tried to break above the 0.78 handle, only to turn around and started falling again.

Gold markets initially tried to rally during the course of the trading session on Thursday but failed to continue going higher at the 200 day EMA as it continues to be quite resistive.

The bitcoin market initially tried to rally during the training session on Thursday but has fallen again after we ended up forming a bit of a shooting star for the previous session.

Stock markets continue to look very bullish, and as I write this, we just have gotten the results of the FOMC meeting for the month of April, with the central bank standing on the sidelines and promising more quantitative easing going forward.

The NASDAQ 100 has been relatively quiet over the last couple of weeks in April as the 14,000 level continues offering resistance.

April was a very strong month for the euro, and I do believe that we will continue to see a bit of continuation going forward.

The crude oil complex has been a bit choppy during the month of April, but at the end we were starting to see a little bit of stability, perhaps pointing in one direction finally.