Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied again during the trading session on Wednesday, in what would have been thin trading due to the Thanksgiving holiday.

USDJPY: Long-term bullish breakout

Natural gas markets initially tried to rally during the trading session on Wednesday, but then broke down as we got above the 50 day EMA.

Bitcoin: Long-term buyers step in?

Gold markets have fallen a bit during the trading session on Wednesday but have also found plenty of support near the $1450 level.

GBPUSD: More bullish on new opinion poll forecasting strong government victory

Japanese retail sales plunged in October at a rate twice of the September expansion.

This morning’s Australian economic data showed an unexpected contraction in private capital expenditure for Q3, and Q2 was revised down to show a bigger contraction

EURUSD: Pivotal point at 1.0993 holding

After today, there will be no major economic releases until the end of this week's trading.

Here at Pepperstone we’ve seen increased client interest in the USD/CNH cross. Why? Well, along with perhaps soybeans and pork, CNH has been a remarkable read on the US-China trade war.

Gold prices fell to $1450, the lowest level in two weeks during Tuesday's trading session and then rebounded to $1460 at the time of writing.

A limited range move has been the hallmark of the GBP/USD pair since the beginning of this week between 1.2835 support and 1.2910 resistance, and the pair is stable around 1.2850 at the time of writing.

After the recent correction failed to push the USD/JPY pair to break below the 108.00 support.

AUDUSD: Dominant bearish trend line broken bullishly