Forex Daily Forecast, Analysis and Prediction

In my daily analysis of exotic currency pairs, the Australian dollar/Singapore dollar currency pair has been of interest to me.

In my daily analysis of the gold market, the first thing that I notice is that although we were very strong in the early part of the session, it’s worth noting that we gave back about half of the gains by midday during New York trading.

As you can see, the silver market rallied rather significantly during the course of the trading session on Thursday, breaking above the 50 day EMA before turning around and showing signs of hesitation.

The Nikkei 225 had a slightly positive session during the trading day on Thursday, testing the 200-day EMA, but it did shy away from it.

The New Zealand dollar has rallied pretty significantly against the Canadian dollar during trading on Thursday as the crude oil market continues to drag the Canadian dollar down with it.

The US dollar has gone back and forth during the course of the trading session on Thursday, as we continue to see a lot of support just below.

The Aussie dollar went back and forth during the course of the trading session on Thursday as we continue to look for some type of support.

After five consecutive trading sessions during which the GBP/USD pair was subject to selling starting from the resistance level of 1.3265, its highest level in two years.

The Japanese yen has risen to the brink of the 143.00-yen level against the US dollar, recovering sharply from its two-week low as weak US manufacturing data fuelled recession fears, boosting demand for safe-haven assets.

For the second consecutive day, the EUR/USD pair has been attempting to halt its recent losses ahead of a package of important and influential US economic data.

We have often emphasized that buying gold at every dip is the best trading strategy for gold.

The US dollar has done very little during the trading session against the Chinese yuan, as we are hanging around the 7.11 level.

The US dollar initially rallied during Wednesday's session, breaking above the crucial 84 level.

The US dollar has gone back and forth during trading on Wednesday as we continue to hang around the 19.78 level.

The S&P 500 appears to be stabilizing a bit during the trading session on Wednesday as it looks like we are going to continue to see a lot of noisy behavior.