Forex Daily Forecast, Analysis and Prediction

Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 31, 2017 here.

Gold markets went back and forth on Thursday in rather wild trading as Wall Street was out-of-control to say the least.

The EUR/USD pair initially tried to rally during the day, but pulled back on Thursday. The British pound also tried to rally initially during the day but then turned right back around to form a rather bearish looking candle.

The WTI Crude Oil market initially fell on Thursday just as it did on Wednesday, but then turned around to find buyers. Natural gas markets rallied during the day on Thursday, reaching the 50-day exponential moving average.

The USD/JPY pair initially tried to rally on Thursday but ran into a bit of trouble just below the 115 handle. The Australian dollar tried to rally during the session on Thursday, but found the area above the 0.0 level a bit too resistive.

The S&P 500 initially fell during the session on Thursday as we continue to see volatility in the marketplace. A large position was placed in the futures market to the downside, and this started the algorithmic trading around the world.

Gold prices ended Thursday’s session down $1.57, pressured by the dollar’s bounce on better-than-expected U.S. economic data.

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

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.