Forex Daily Forecast, Analysis and Prediction

NASDAQ: Traders May Consider Riding Speculative Wave Longer

S&P 500: Record Territory Raises Optimistic Looks & Concerns

While the thirty components of the DAX 30 source more revenues from outside Germany, the global GDP outlook remains depressed.

With the US Federal Reserve indirectly confirming its weak US Dollar policy, the USD/ZAR was rejected by its downward adjusted short-term resistance zone.

The Euro went back and forth during the trading session on Thursday as Jerome Powell finally had his speech from the Jackson Hole symposium.

The US dollar has initially fallen during the trading session on Thursday, perhaps in anticipation of Jerome Powell speaking but the markets were hugely disappointed

The NASDAQ 100 has gone back and forth during the trading session on Thursday, as we are fighting with the 12,000 level.

The Australian dollar has rallied a bit during the trading session on Thursday but gave back a bit of the gains.

The S&P 500 has gone back and forth during the trading session on Thursday as we had been waiting for the Jerome Powell speech.

The British pound rallied quite significantly during the trading session on Thursday, heading into the Jerome Powell speech.

The silver markets initially rally during the trading session on Thursday only to turn around and fall rather drastically.

The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Thursday, bouncing enough to turn around and form a bit of a hammer.

The bitcoin markets fell a bit during the trading session on Thursday as most traders have been paying attention to Jerome Powell and his speech for the Jackson Hole Symposium.

Gold markets initially shot higher during the trading session on Thursday as traders anticipated the Jerome Powell speech and whatever reaction the markets may have to it.

For four trading sessions in a row, the EUR/USD currency pair was trying to correct upwards, but its gains did not exceed the 1.1844 resistance,