Forex Daily Forecast, Analysis and Prediction

For two days in a row, the price of the USD/JPY currency pair is moving amid an upward rebound with gains, towards the 139.90 resistance level.

The upward rebound in the price of gold stopped amid the recovery of the US dollar, but XAU/USD gold tries to hold on.

The GBP/USD price tilted upwards after the latest statement by Jerome Powell, the Fed chairman.

The EUR/USD price staggered on Wednesday evening after the Federal Reserve Chairman hinted at possible pivoting in the upcoming meetings.

The BTC/USD price zoomed past an important resistance level after the latest statement by the Fed chair.

Spot natural gas prices (CFDS ON NATURAL GAS) rose slightly in early trading on Thursday, to achieve slight daily gains until the moment of writing this report, by 0.20%.

The AUD/USD price rose during the American and Australian sessions after the dovish Jerome Powell statement.

The Dow Jones Industrial Average jumped during its recent trading on intraday levels.

The USD/SGD dove lower in late trading yesterday, and has continued its search of new depths early this morning.

The NZD/USD may have tested the patience of speculators who have been pursuing upwards momentum the past week, but a sudden burst upward has likely pleased many now.

The USD/CAD has pulled back just a bit during the trading session on Wednesday as the crude oil market has rallied somewhat.

Get today's recommendation on the lira against the dollar

The USD/JPY rallied a bit during the trading session on Wednesday to show signs of life again.

The S&P 500 has been relatively quiet during the trading session on Wednesday, as we are bracing for a whole slew of economic influence via data and speeches.

The Euro initially tried to rally for the trading session on Wednesday, but it now looks as if it is trying to form some type of “double top” at a very crucial level.