Forex Daily Forecast, Analysis and Prediction

EUR/USD: Strong USD threatens long-term breakdown

Australian economic data showed an unexpected increase in imports, which resulted in a smaller than forecasted trade surplus for December.

The S&P 500 has rallied significantly during the trading session on Thursday again.

The NASDAQ 100 rallied initially during the trading session on Wednesday but found the area just below the 9500 level to be far too expensive to continue going higher.

The Euro has tanked during trading on Wednesday, reaching down to the crucial 1.10 level.

The British pound has had a rough trading session during the day on Wednesday as more games are being played with Twitter.

The Australian dollar has rallied during most of the trading session on Wednesday but found enough resistance near the 0.6775 level to rollover again to form a less than impressive candlestick.

The West Texas Intermediate Crude Oil market has rallied significantly during the trading session on Wednesday, as the market breached the $50 level.

The natural gas markets fell during most of the trading session on Wednesday, reaching towards the $1.80 level yet again.

Gold markets have gone back and forth during the trading session on Wednesday.

Bitcoin has rallied significantly during the trading session on Wednesday, breaking towards the $9600 level and beyond.

AUD/USD: Long-term low near 0.6677?

USD/JPY: Strongly improving risk sentiment

After this currency pair spiked off of its ascending 38.2 Fibonacci Retracement Fan Support Level into its resistance zone, momentum failed to confirm the advance.

Selling pressure in the USD/MXN has eased after it reached its support zone.