Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially tried to rally during the trading session on Thursday and the Globex hours, but then broke down rather significantly.

The British pound has pulled back rather significantly during the trading session on Thursday, as the market crashed towards the 1.31 handle.

The NASDAQ 100 initially tried to recover during the trading session on Thursday, but later in the day we started to see the 12,000 level offer a lot of resistance.

The West Texas Intermediate Crude market initially tried to rally during the trading session on Thursday but gave back the gains during the session

The US dollar has pulled back a bit during the trading session on Thursday, but we still are hanging just above the ¥105 level.

The Australian dollar went back and forth during trading on Thursday as we continue to see a lot of questions out there.

Silver markets remain very quiet after the session on Thursday, as we are sitting just below the 50 day EMA.

Bitcoin markets initially pulled back during the trading session on Thursday, but then turned around to break above the $16,000 level yet again.

Gold markets rallied just a bit during the trading session on Thursday as we continue to see the market grind sideways just above the $1850 level.

For the second day in a row, the EUR/USD currency pair is witnessing profit-taking selling after a bullish jump at the beginning of the week’s trading.

The recent performance of the pound in the Forex market contributed to a strong upward momentum for the GBP/USD pair, which moved towards the 1.3313 resistance, its highest in over two months.

Stalled gains in the US dollar and global stock markets contributed to the rebound in gold price from its lowest levels in five weeks at $1851 an ounce to $1890 an ounce.

As expected, the USD/JPY performance is in a narrow range during the American holiday of Veteran's Day.

0.7248 holding gives some hope for bulls.

The DAX Index has a habit of causing bedlam in early trading.