Forex Daily Forecast, Analysis and Prediction

The Australian dollar has rallied a bit during the trading session on Thursday, as we continue to see the market try to test the 0.68 handle.

The West Texas Intermediate crude oil market had a rough session on Thursday, breaking down at the open to gap lower, and stay well below the $55 level.

The Gold markets rallied slightly during the trading session on Thursday, as we continue to reach towards the highs again.

The natural gas markets rallied rather significantly on Thursday, reaching towards the vital 50 day EMA.

The Bitcoin markets fell initially to kick off trading on Thursday but found buyers to come in and pick the market back up above the $10,000 level.

The S&P 500 stabilized a bit during the trading session on Thursday at the 200 day EMA which is essentially the market trying to save itself.

Ahead of the release of a batch of important US economic data, the EUR / USD is stabilizing below the 1.1200 psychological support level, with stronger losses reaching the 1.1130 level, before settling around 1.1150 at the time of writing.

Since the beginning of this week, the performance of the GBP / USD pair frustrated Forex traders, as the pair is in narrow ranges amid downward momentum on the threshold of 1.2000 psychological support.

Gold prices recovered the losses of Tuesday's session, and rose to the $ 1524 level at the time of writing, with financial markets and investors absorbing the content

The USD / JPY pair did not celebrate much with its recent gains, reaching the 106.97 resistance level, as the decline returned to 105.64 support before settling around 105.95

NZDUSD: Bearish below 0.6448

AUDUSD: 0.6746 area still pivotal

USDJPY: Volatile without clear direction

Bitcoin: Strong bearish breakdown

The Australian dollar has initially tried to break above the 0.68 level during the trading session on Wednesday but then broke down significantly again.