Forex Daily Forecast, Analysis and Prediction

Bitcoin markets rallied a bit during the trading session on Thursday as the ECB has cut interest rates and added liquidity to the market yet again.

The West Texas Intermediate Crude Oil market has fallen again during the trading session on Thursday, as we broke solidly through the 50 day EMA

The S&P 500 has rallied a bit during the trading session on Thursday, as we have reached towards new highs but could not break out.

Natural gas markets had a choppy session yet again during the trading day on Thursday as the markets may be a little bit overextended.

NASDAQ 100 traders sent the market towards the 8000 handle but ran into a bit of resistance as it pulled back significantly and lost about 60 points.

The Aussie dollar tried to rally again during the trading session on Thursday but found resistance at the 50% Fibonacci retracement level as well, and now it looks as if we are running out of momentum.

The US dollar has initially pulled back during the trading session on Thursday, reaching down towards the bottom of the Wednesday session, before bouncing and breaking above the ¥108 level.

During Thursday's trading, the most important event for the Euro this week will be the monetary policy announcement from the ECB.

The technical outlook for GBP / USD remains unchanged.

Since the beginning of Thursday's trading, the most important of this week, the price of gold is moving in an upward movement, which reached the $1502 resistance at the time of writing.

Investors continue to take risk appetite and the strengthening of the US currency amid recent optimism over the trade dispute between the US and China

As the risk of a no deal Brexit appears to be averted for the time being, the GBP/USD was able to recover to the upside.

NZDUSD: Consolidation continues to hold

AUDUSD: Bullish to 0.6917

USDJPY: Bearish pullback in bullish wave