Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market gapped lower and below the $73 level to kick off the day, breaking all the way down to the $71 level.

The US dollar initially tried to rally against the Japanese yen during the day on Thursday but found enough resistance to turn things around and form a bit of an inverted hammer.

The S&P 500 initially went higher during the day as the Americans stopped on board, but we are clearly starting to break down again.

Gold prices ended Thursday’s session up $29.46 an ounce as sliding global stock markets spurred demand for the metal.

Brexit talk has come back to the forefront of traders minds in recent weeks as UK politicians return from their summer recess and the pressure to reach an agreement with the EU for a new trade deal ramps up even further.

Get the NZD/USD Forex signal for October 11, 2018 here.

Get the AUD/USD Forex Signal for October 11, 2018 here.

Get the USD/JPY Forex signal for October 11, 2018 here.

Get the BTC/USD Forex signal for October 11, 2018 here.

Get the USD/CHF Forex signal for October 11, 2018 here.

Get the GBP/USD Forex signal for October 11, 2018 here.

Get the EUR/USD Forex signal for October 11, 2018 here.

Get the USD/CAD Forex signal for October 11, 2018 here.

Gold prices rose $5.26 an ounce on Wednesday as a weaker dollar and a sharp selloff in U.S. stocks lured investors back into the market.

The Euro rallied significantly during the trading session on Wednesday, breaking above the hammer from the previous session, which of course is a very bullish sign, and I think that we are trying to find some type of bottom in an area that had been very reliable as the bottom of the overall consolidation lately.