Forex Daily Forecast, Analysis and Prediction

The Australian dollar rallied during the trading session on Thursday ahead of the holidays.

The NASDAQ 100 has been very quiet during the trading session on Thursday, as it was most of the week.

The S&P 500 did very little during the trading session on Thursday, but that is not a huge surprise.

Price may be breaking out from narrowing triangle.

The S&P 500 was somewhat sideways over the course of December, and part of that was the hesitancy to jump in with both feet given how stimulus has been held up.

Gold markets have recently been drifting lower, pulling back from the $2100 level which was the recent high.

The euro has had a relatively good end of the year for 2020, so it is likely that we will see a bit of exhaustion in this general vicinity.

The British pound had a relatively choppy month in December as we finally got over the finish line when it came to the Brexit situation.

Without a doubt, the NASDAQ 100 is one of the better performing indices coming out the United States.

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With the near closure of markets for the holidays, the price of gold is expected to move in a limited range with an upward tendency.

With the holiday season approaching, investor risk appetite is growing, and thus the dollar's price is declining.

For the second day in a row, the GBP/USD is moving in an upward momentum which pushed it towards the 1.3562 resistance.