Forex Daily Forecast, Analysis and Prediction

The British pound faced initial setbacks against the Japanese yen in Thursday's trading session, indicating continued downward pressure.

The NASDAQ 100 has found quite a bit of buying pressure on Thursday, as we are now looking at the 13,750 level as an area of potential importance.

Silver experienced a slight decline during Thursday's trading session, bringing it closer to the 200-Day Exponential Moving Average.

The TRY/USD stabilized during early trading today, Thursday, near its lowest level ever.

Gold futures fell in the middle of the trading week amid increasing US dollar strength. Investors resorted to the dollar during the debt ceiling crisis.

Investors' continued abandonment of the Japanese yen in light of the continued easing policy of the Japanese Central Bank and the lack of benefit from the markets.

The pound rose to its highest level against the euro since December after data showed that UK inflation came in well above expectations in April but quickly gave up the advance amid potential concerns that the UK is facing a unique inflationary problem.

The continuation of the positive momentum of the US dollar allowed the bears to move the price of the EUR/USD currency pair towards deeper support levels, reaching the 1.0747 support level, the lowest for the currency pair in two months.

The USD/BRL closed trading near the 4.9600 price yesterday as the currency pair has produced a rather confident value realm for speculators to wager.

The GBP/JPY pair experienced a drop during Wednesday's trading session, only to find buyers again, indicating the presence of ongoing support levels.

The British pound displayed a back-and-forth movement during Wednesday's trading session, reflecting the ongoing noise and volatility in the market.

The US dollar had a mixed performance in Wednesday's trading session, oscillating around the recently broken ascending triangle pattern.

The Silver market experienced a significant decline on Wednesday as initially, the US dollar emerged as the default winner in early trading hours.

The NASDAQ 100 drifted a little bit during the trading session on Wednesday, as we reached near the 13,500 level.

The USD/TRY is trading at all-time record levels as of this morning, this as the currency pair continues to traverse upwards steadily.