Forex Daily Forecast, Analysis and Prediction

The US dollar has been grinding higher against the Brazilian real for some time now but continues to find resistance near the 5.50 level.

The West Texas Intermediate Crude Oil market has pulled back slightly during the trading session on Friday, showing signs that we are nowhere near getting ready to make a significant move.

EUR/USD: More bullish if daily close above 1.1876

Gold markets have gapped a little bit lower to kick off the trading session on Friday and then fell a bit from there as well.

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The NASDAQ 100 rallied a bit during the trading session on Thursday but gave back about half the gains.

The S&P 500 and a quiet session on Thursday, as we are starting to see a lot of issues with trader interests.

After a brutal session on Tuesday, the Wednesday session was quite nice as it formed a hammer in the silver market.

Gold markets have formed a nice-looking candlestick on Thursday after initially gapping lower.

The West Texas Intermediate Crude Oil market has shown itself to be slightly bullish, as we continue to grind overall to the upside.

The US dollar initially fell during the trading session on Thursday, and then shot higher.

The British pound initially tried to rally during the trading session on Thursday but gave back a significant amount of the gains

The Euro has initially rally during the trading session on Thursday but gave back about half the gains in order to stay well within the range that we have been stuck in for a couple of weeks.