Forex Daily Forecast, Analysis and Prediction

Gold markets broke down rather hard during the trading session on Friday, filling the gap from the beginning of Thursday.

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Natural gas markets were very quiet and electronic trading during the holiday session on Thursday as Americans celebrated Independence Day.

The Euro has rallied a bit during the trading session on Thursday in what would have been very thin trading during the Independence Day holiday in America.

The Australian dollar initially tried to rally during the quiet Thursday session as the Independence Day volume would have allowed the market to move around a bit more than necessary.

The NASDAQ 100 has rallied slightly in the futures market during the day on Thursday, in what would have been limited electronic trading.

Bitcoin markets rallied again during the trading session on Thursday, which would have been very thin trading due to the Independence Day holiday in the United States.

Gold markets were very quiet during the trading session on Thursday as Americans celebrated the Independence Day holiday.

The WTI Crude Oil market did very little during the trading session on Thursday as you would expect, as it was the Independence Day holiday in the United States.

The S&P 500 of course was closed during the trading session on Thursday but the electronic E-mini contract has been trading.

The British pound initially tried to rally during the trading session on Thursday, but as it was Independence Day in the United States it was very unlikely to gain any serious traction in one direction or another.

The US dollar has gone back and forth during the trading session on Thursday in a very tight range, but that shouldn’t be much of a surprise as it has been Independence Day in the United States.

On the daily chart, GBP / USD is still holding to lower performance as pressure on the pair increases.