Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 19th, 2022 here.

The S&P 500 initially pulled back just a bit during the trading session on Thursday, only to find buyers underneath.

The NASDAQ 100 initially dipped during the trading session on Thursday but continues to find support near the 12,500 level.

The EUR/USD has gone back and forth during the trading session on Thursday, as we continue to see the 50-Day EMA offer support.

The Cardano market has been positive over the last several days, right along with the rest of cryptocurrency.

The BTC/USD market has rallied a bit during the trading session on Thursday, as we are now threatening the $25,000 level.

The USD/JPY initially tried to rally during the trading session on Thursday but gave back gains to show signs of hesitation.

The USD/CAD has gone back and forth during the trading session on Thursday as we continue to hang around the 50-Day EMA.

The EUR/JPY has pulled back just a bit during the trading session on Thursday, as we are struggling to go much higher.

The GBP/USD has gone back and forth during the trading session on Thursday as we continue to hang around the 1.20 level.

The AUD/USD has initially fallen during the trading session on Thursday to show signs of hesitation, but at this point it’s very likely that we continue to see this as a market where it’s going to be about risk appetite.

The US dollar rose as better-than-expected retail sales data failed to spark a rally in financial markets.

The continued strength of the US dollar was sufficient for further downward pressure on gold prices, XAU/USD, with losses towards the support level at $1830 an ounce.

The US dollar's gains continued against the rest of the other major currencies.

Britain's inflation rate fell for the third consecutive month in January, boosting optimism that the cost of living crisis has peaked and prices will fall sharply later this year.