Forex Daily Forecast, Analysis and Prediction

Gold continues to be very positive, as the month of August has been very strong.

The West Texas Intermediate Crude Oil market, or US Oil, has been all over the place during the month of August, basically settling unchanged.

In our analysis of crude oil, you can see that the market did rally a bit during the early hours on Thursday but has pulled back a bit from the 50 day EMA.

The US dollar has fallen against the Chinese yuan during the trading session on Thursday to reach the 7.08 level, an area that's been important multiple times.

The US dollar has gone back and forth during the trading session on Thursday as we continue to use the 10.43 level underneath as major support.

The natural gas markets initially pulled back just a bit during the trading session on Thursday, reaching the $2.15 level before turning around and showing the signs of life.

The S&P 500 was positive during the trading session again on. Thursday, but really at this point in time, it's a situation where traders continue to see a lot of buy on the dip mentality, the GDP numbers, in the United States came out hotter than anticipated.

In my daily analysis of the EUR/USD currency pair, the first thing I notice is that we are pulling back quite drastically, which of course makes a certain amount of sense considering that the market had gotten far too ahead of itself

In my daily analysis of the GBP/USD pair, I recognize that the market initially tried to rally a bit, only to turn around and show signs of exhaustion.

In my daily analysis of exotic currency pairs, the chart that I am most interested in at the moment as the British pound against the Polish zloty.

In my daily analysis of the US dollar against the Canadian dollar, the first thing I see is that we are rallying quite hard, after initially falling a bit during the trading session.

In my daily analysis of exotic currency pairs, the USD/PHP currency pair continues to be a bit lackluster.

The Turkish lira rose slightly during Asian trading on Thursday morning, while trading was close to its all-time lows recorded yesterday.

The Pound Sterling reached a two-year high against the US Dollar amid a renewed rise in global equity markets, with one market expert saying that any weakness would only invite more buying interest.

Ahead of a batch of crucial US economic data, the Japanese Yen traded around 144 Yen against the US Dollar, hovering near its strongest levels in three weeks.