Forex Daily Forecast, Analysis and Prediction

The US dollar has shot straight up in the air against the South African Rand during the trading session on Thursday, as we have recently seen less than impressive GDP figures coming out of South Africa.

The US dollar fell initially against the Japanese yen during trading on Thursday but did recover a bit to form a hammer.

The S&P 500 initially pulled back just a bit during the trading session on Thursday, but then shot higher.

The WTI Crude Oil market rallied a bit during the trading session on Thursday, showing signs of life at the 61.8% Fibonacci retracement level.

Gold markets went back and forth during trading on Thursday, grinding away yet again.

NZDUSD analysis: Bullish above 0.6636

AUDUSD analysis: less bullish but supported at 0.6963

USDJPY: Bearish consolidation under 108.51

Bitcoin: Bullish above $7,871

USDCAD: Possible long-term bottom at lows of range

USDCHF Analysis: Dollar finally bounces back against risk

The Euro initially shot higher during trading on Wednesday, reaching as high as 1.1320 or so, but then turned right back around to slice through the 1.1250 level.

The US dollar went back and forth during the trading session on Wednesday, testing the range that we have been in over the last couple of days rather violently.

The S&P 500 rallied significantly during the trading session on Wednesday, as we are testing the bottom of an uptrend line that previously had been so important.

The WTI Crude Oil market fell rather hard during the trading session on Thursday as we continue to get horrible inventory figures.