Forex Daily Forecast, Analysis and Prediction

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 10th, 2023 here.

On Thursday's trading session, Bitcoin experienced a minor retreat, indicating an ongoing quest for value in the market.

The crude oil markets exhibited some upward movement during the trading session on Thursday, hinting at a possible correction to the oversold conditions.

On Thursday, the US dollar experienced a substantial decline in value, with its downward trajectory taking it to a critical level of ¥145.

Ethereum experienced a modest dip during the early hours of Thursday, a development that, quite frankly, was long overdue.

The S&P 500 exhibited signs of early support in Thursday's trading session, indicating a potential attempt to stabilize within the familiar consolidation range.

Silver experienced a turbulent day on Thursday as uncertainty loomed over its upward trajectory and the possibility of the recent rally coming to an end.

The gold markets made an initial attempt to push higher during Thursday's trading session, as market participants grappled with the ongoing uncertainty surrounding the precious metal's direction.

The EUR/USD exhibited a back-and-forth pattern during Thursday's trading session, with its focus honed on the 200-Day EMA, and indicator that people sometimes pay close attention to.

The DAX slowed down a bit during the trading session on Thursday, as we are near the €16,600 level.

The AUD/USD experienced a slight dip in its value during the recent trading session, hovering just above the 0.65 level.

GBP/USD Outlook: Navigates Downtrend Amid US Dollar Recovery, BoE Rate Decision Looms.

USD/JPY analysis: Yen gains on BOJ policy shift hints; US jobs data, Fed policy in focus

XAU/USD analysis: Gold stabilizes amid USD pause, ECB comments; U.S. jobs, inflation data eyed.