Forex Daily Forecast, Analysis and Prediction

The EUR/GBP pair broke out to the upside during the session on Thursday, clearing the top of a couple of shooting stars.

Gold prices fell for a second day and settled at $1256.85 an ounce, losing $27.18, on growing perception the U.S. Federal Reserve is on course to raise interest rates as early as June.

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The EUR/USD pair initially tried to rally during the course of the session on Wednesday, but as you can see pullback from the 1.14 level.

The NZD/CHF pair initially tried to rally during the course of the session on Wednesday, but as you can see turned back around and started to fall.

The NZD/USD pair initially tried to rally during the course of the day on Wednesday, but found the 0.75 level to be a bit too resistive.

The USD/NOK pair initially tried to fall during the course of the session on Wednesday, but found enough support to turn things back around and test the 7.85 level.

The USD/SGD pair initially tried to fall back below the 1.35 level during the session on Wednesday, but as you can see had enough buying pressure underneath it to turn things back around and form a slight hammer.

Gold prices closed lower on Wednesday, giving back a portion of the previous day's gains, as the greenback strengthened after the Federal Reserve boosted its assessment of the economy and labor market.

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