Forex Daily Forecast, Analysis and Prediction

Get the NZD/USD Forex Signal for July 27, 2017 here.

Get the AUD/USD Forex Signal for July 27, 2017 here.

Get the USD/JPY Forex Signal for July 27, 2017 here.

Get the USD/CAD Forex Signal for July 27, 2017 here.

Get the GBP/USD Forex Signal for July 27, 2017 here.

Get the EUR/USD Forex Signal for July 27, 2017 here.

Gold prices rose $10.65 an ounce on Wednesday, hitting the highest level since July 15, as the dollar slipped after the Federal Open Market Committee kept interest rates unchanged.

Gold markets have been very choppy and volatile as of late, and of course the Wednesday session was always going to be interesting as the FOMC released an interest rate announcement and of course statement.

The Euro rallied during the day after initially falling on Wednesday, mainly in reaction to the FOMC statement the came out. The British pound fell a bit initially on Wednesday, testing the 1.30 level.

The US dollar fell significantly during the session on Wednesday as the Federal Reserve released a dovish statement. The Australian dollar initially fell during the day on Wednesday, but found enough bullish pressure after the FOMC statement a break above the 0.80 level.

The WTI Crude Oil market initially fell during the session on Wednesday, but found plenty of support underneath as the US dollar cratered. Natural gas markets had a very choppy and volatile session, and I think that longer-term we are going to continue to see sellers.

The S&P 500 initially was slightly negative during the day on Wednesday, but as the Federal Reserve FOMC statement was coming due, buyers started pushing the S&P 500 higher.

Gold prices rose sharply in afternoon U.S. trading, erasing all of the previous day’s losses, after the Federal Reserve left short-term interest rates

Gold prices are trading slightly higher in afternoon trading Thursday. The XAU/USD pair traded as low as $1254.41 an ounce

Get the BTC/USD Forex signal for July 26, 2017 here.