Forex Daily Forecast, Analysis and Prediction

The Euro rallied significantly during the trading session on Friday, breaking above the 50 day EMA.

The S&P 500 rallied a bit during the trading session on Friday, breaking above the crucial 2900 level.

Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of April 14, 2019 here.

The US dollar rallied rather significantly during the trading session on Thursday, slicing through the vital 111.50 level, which is massive resistance that extends to the ¥112 level.

Gold markets broke down significantly during the day on Thursday, in what looked a whole lot like panic.

The Euro initially tried to rally during the trading session on Thursday but struggled at the 50 day EMA.

Bitcoin fell rather hard during trading on Thursday, as we continue to see a lot of noise in this marketplace.

The WTI Crude Oil market fell a bit during the trading session on Thursday, as the $65 level continues to be a bit too much for the markets to deal with.

The S&P 500 continues to rotate at extreme highs, which isn’t much of a surprise considering that earnings season starts on Friday.

During Thursday's session, markets and investors in the FX market will watch the reaction for the announcement of the postponement of the Brexit till the end of October in an attempt by both parties to find a better formula for an agreement between them rather than an anarchic outburst that harms both sides.

Britain's gross domestic product (GDP) growth slowed as expected, while the country's manufacturing sector rebounded, while GBP / USD remained stable between 1.3037 and 1.3122 before settling around 1.3085 at the time of writing in anticipation of a new developments regarding the Brexit impasse.

The USD / CAD resumed rising to the resistance at 1.3345 at the time of writing after bearish correction moves pushed the pair towards 1.3283 support, the lowest for 3 weeks as the Canadian dollar gained stronger momentum from recent strong gains in global crude oil prices.

On Thursday, April 11, 2019, the markets will be interested in the announcements from the economic calendar data, which usually results in changes in price movements.

Central banks announcements - the European Central Bank and the Federal Reserve - of their monetary policy did not support further gains for gold prices because they confirmed their announcements from previous meetings.

Britain's economic growth slowed down, while the manufacturing sector rebounded.