Forex Daily Forecast, Analysis and Prediction

The S&P 500 was quite noisy during Thursday's session, with the PPI numbers coming out lighter than expected.

The GBP/JPY has shown signs of strength during Thursday's trading session, rallying a bit.

Natural gas markets have fallen during the trading session, albeit very slowly and without much fanfare on Thursday.

Gold markets experienced a significant upward trend during the trading session on Thursday, with the US dollar struggling after the PPI numbers were missed.

Weak US inflation readings helped the bulls push the EUR/USD price towards the psychological resistance level of 1.1000

The XAU/USD gold bulls gained additional momentum with the weakness of US inflation readings, which allowed prices to move towards the $2028 level

It is noticeable that the rebound of the price of the GBP/USD currency pair, following the announcement of weak US inflation readings, was less than usual for the pound

Stocks rose and the US dollar fell after US inflation fell faster than investors expected in March.

The price of the TRY/USD fell to its lowest level ever against the US dollar during early trading on Thursday morning.

The USD/BRL continued to demonstrate the ability to traverse lower yesterday after U.S. economic data showed that inflation via the CPI numbers was weaker than anticipated.

Silver started Wednesday's trading session on a high note, rallying at first.

The S&P 500 rallied initially during Wednesday's trading session but quickly turned back around, showing signs of hesitation.

The British pound started Wednesday's trading session on a high note, rallying against other major currencies.

On Wednesday's trading session, the British pound attempted to rally against the Japanese yen.

The euro has been struggling to gain momentum and rally in the markets, facing a lot of resistance just above the 1.10 level.