Forex Daily Forecast, Analysis and Prediction

In my daily analysis of European indices, the Italian MIB 40 looks as if it is getting fairly close to a support area that a lot of people might be paying attention to.

During my daily analysis of exotic currency pairs, I’ve noticed that the Swiss franc has fallen a bit against the Japanese yen, but really at this point in time it’s obvious that the market is going to continue to see quite a bit of buyers underneath.

In my daily analysis of European indices, the DAX 40 stands out head and shoulders above many others.

During my daily analysis of the global indices, the FTSE 100 is something that I was paying close attention to due to the fact that the Bank of England had an interest rate decision,

The natural gas markets were very noisy during the trading session on Thursday as we continued to hover around the $2.85 level.

The British Pound has rallied a bit during the trading session early on Thursday as the Bank of England cut interest rates by 25 basis points.

The market initially pulled back just a bit during the early hours on Thursday only to test the 50-day EMA to turn around and show signs of life.

The West Texas Intermediate crude oil market has bounced around during the trading session on Thursday as we wait for the FOMC meeting but there are a lot of technical things going on at the same time.

As you can see, the Euro has rallied a bit during the trading session with the 1.07 level offering a significant amount of support.

The US dollar pair varied against the Turkish lira during today's trading, while the lira had recorded fairly good gains during yesterday evening's trading.

The pound fell more than 1%, falling below $1.29, as the stronger dollar gained momentum after early US election results suggested a higher probability of a Donald Trump victory.

The Japanese yen has fallen below 154.60 yen against the US dollar, reaching a 14-week low.

The EUR/USD exchange rate remained in focus following reports that former US President Donald Trump is set to return to the White House.

Gold price plunged below $2,655 per ounce on Wednesday, retreating from a 30-October record high of $2,758 per ounce.

The euro plunged during the early hours on Wednesday as we continue to see a lot of noise out there.