Forex Daily Forecast, Analysis and Prediction

Gold markets rallied rather significantly during the course of the trading session on Thursday to break above the 200 day EMA.

The bitcoin markets initially tried to rally during the course of the trading session on Thursday but then gave back the gains to show signs of exhaustion.

Gold seems to be capitalizing on the fear surrounding India's dire COVID situation and the potential fallout, which may hinder global economic recovery.

All GBP pairs are awaiting the Bank of England's announcement today, which explains the narrow performance of the GBP/USD since the start of trading this week.

After a recent upward correction, the USD/JPY's gains stopped at the 109.70 resistance level and returned to settle around 109.15 as of this writing.

Since the start of trading on Thursday, the EUR/USD is trying to correct upwards after four bearish trading sessions that pushed the pair to the 1.1986 support level, settling around 1.2045 as of this writing.

The USD/MXN has seen a wave of buying flourish the past week, and mid-term resistance levels are within sight as speculators decide on the next direction.

ADA/USD has demonstrated fast trading conditions early today, and record highs touched on the 14th of April are within sight.

DOGE/USD doubled its trading value in nearly a two-day period, highlighting the speculative capabilities Dogecoin presents.

ETH/USD has moved slightly lower after achieving new record values yesterday, and speculators may continue to hunt bullish momentum.

The West Texas Intermediate Crude Oil market gapped higher to kick off the trading session on Wednesday and then shot towards the $67.50 level.

The US dollar fell initially during the trading day on Wednesday to break down to fresh, new lows, but then turned around to show signs of life again.

The DAX gapped higher to kick off the trading session on Wednesday, and then broke well above the 15,000 level to show signs of strength.

The NASDAQ 100 rallied a bit during the trading session on Wednesday but gave back the gains rather quickly.

The S&P 500 initially tried to rally during the trading session on Wednesday, only to give up early gains and form a less-than-attractive candlestick.