Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 has had a tough October, as it is currently testing the 50-Week you may indicator.

Gold markets have had a very bullish month of October, and certainly there is a lot out there going on at the moment that could cause gold to continue to be noisy.

The price of the Turkish Lira stabilized against the US dollar during early trading on Wednesday morning, as the pair traded near its highest level ever, which it recorded during yesterday’s trading.

Since the start of trading this week, the price of gold XAU/USD has maintained the psychological resistance of $2,000 per ounce.

The EUR/JPY is touching long-term highs and although a slight reversal lower has taken place the past handful of hours, questions persists about this currency pair.

Sterling exposed to downside pressure as Bank of England risks becoming first major central bank to signal it is eyeing interest rate cuts this week.

As of this writing the USD/ZAR is near the 18.72500 ratio as it continues to trade within the vicinity of lows made yesterday which saw the currency pair touch the 18.62800 area.

The Euro price tried to hold on to its gains after Eurozone inflation came in below 3.0% but core inflation remains “sticky.”

The silver market showcased a back-and-forth pattern during Tuesday's trading session, hovering just above the crucial 200-Day Exponential Moving Average.

The USD/JPY, it jumped to the 151.70 resistance level, its highest level in a year, from the 149.01 level in the same trading session.

The natural gas market displayed signs of resilience during Tuesday's trading session, as the 200-Day Exponential Moving Average continued to provide a foundation of support.

The NASDAQ 100 has gone back and forth during the trading session on Tuesday, as we continue to hang around the 200-Day EMA.

The gold market displayed minimal movement in the early hours of Tuesday, as it continued to test the critical $2000 level for potential support.

The EUR/USD recent performance has been marked by uncertainty and volatility.

The GBP/USD embarked on an initial upward trajectory during Tuesday's trading session but subsequently relinquished its gains, revealing renewed vulnerability.