Forex Daily Forecast, Analysis and Prediction

After the PCE figures in the US came in as expected, silver rose rather strongly, validating the general consolidation region we have been in for a while.

The market is still consolidating, and the euro performed virtually little in the early hours of Thursday.

The NASDAQ 100 has been very resilient during the month of February, as we continue to see a lot of upward pressure.

The USD/TRY pair stabilized during early trading on Thursday.

The USD/MYR is near the 4.7560 ratio as of this writing.

The USD/ILS is near the 3.58100 ratio as of this writing.

Troubling Challenges Upwards as Sentiment Worsens.

Volatile Range a Warning Sign for Speculative Bets.

In the middle of trading this week, the GBP/USD currency pair fell to the 1.2622 support level before stabilizing around 1.2665.

During the middle of this week's trading, gold futures stabilized.

New indications of the Bank of Japan's imminent shift away from negative interest rates pushed the USD/JPY currency pair lower today.

The EUR/USD currency pair fell towards the key 1.08 level amid a broader US dollar rally and weaker euro zone consumer sentiment.

The S&P 500 is still trading close to its highs.

Early on Wednesday, as we continued to develop a bit of a basing pattern in a market that is clearly oversold, natural gas markets saw a small rally.

The euro dropped early on Wednesday to test the 200-Day EMA, but it recovered and began to show resilience once more.