Forex Daily Forecast, Analysis and Prediction

The stock markets have rallied a bit during the trading session on Thursday, breaking above the highs that had caused quite a bit of resistance previously.

The US dollar has rallied a bit during the trading session on Thursday but continues to struggle right around the ¥106 level.

The Australian dollar rallied a bit during the trading session on Thursday, but still stayed within the massive negative candle from the previous session.

Silver markets initially tried to rally during the trading session on Thursday but continue to find resistance in the same area that it has for quite some time.

The West Texas Intermediate Crude Oil market has rallied again during the trading session on Thursday due to the hope of stimulus coming down the road.

Gold markets rallied just a bit during the trading session here on Thursday but continue to struggle with the idea of getting above the gap.

The return of the USD recovery contributed to halt gold gains at $1921, the highest in two weeks.

The recent GBP/USD performance continues to confirm the effectiveness of the trading strategy that we recommend in dealing with the pound pairs.

A state of risk appetite dominates the financial markets performance, of which the Forex market is an important component.

The EUR/USD is still enjoying the opportunity of an upward rebound amid clear investor risk appetite,

AUD/USD: Close to both strong support and resistance

USD/JPY: Pivotal point at 106.07

The price range for BTC/USD has remained within a fairly consolidated band the past week of trading.

After essentially stumbling in a choppy range since late July, the EUR/USD may be ready to become a speculative favorite again near term.

On the 6th of October the British Pound spiked downward against the USD and other currencies, as news circulated momentarily that the UK government was set to walk away from negotiations