Forex Daily Forecast, Analysis and Prediction

The Euro went back and forth during the trading session on Thursday as we continue to bounce around the 200 day EMA.

The S&P 500 rallied a bit during the trading session on Thursday, as we continue to bounce back and forth.

The US dollar did try to rally during the trading session on Thursday but found enough resistance at the ¥108 level to turn things around and show signs of negativity again.

If you been watching my videos here at Daily Forex, you know I’ve been talking about how this market has gone far too parabolic, and that it would be relatively soon that we would see a loss of more than 10% in a single day.

It’s difficult to imagine that the crude oil markets will do much during the day on Friday, because we are heading into the G 20 summit.

Gold markets pulled back a bit during the day on Thursday, testing the crucial $1400 level for support.

Before the announcement of important US GDP figures, the EUR / USD pair is stabilizing around the support level of 1.1348 after the last bounce to reach the 1.1411 resistance level, the highest in three months.

Mark Carney was frank and confirmed what he had said earlier during his testimony on the inflation report in Britain,

For the second day in a row, the price of gold reached $1400 an ounce awaiting stronger catalysts to continue the recent winning streak

For the second day in a row, the USD/JPY is attempting to have an upward correction with gains reaching 108.12 at the time of writing

NZDUSD analysis: Bullish running out of steam at 0.6700?

AUDUSD analysis: Bulls still pushing price up, but 0.7000 area may resist

USDJPY: Bulls pushing and testing 108.16

Bitcoin: Choppy, volatile blow-off

USDCAD: Strongly Bearish at new 4-month low