Forex Daily Forecast, Analysis and Prediction

Apple is in so many funds at the moment, that it will continue to be “favored” when times turn positive, like we might be doing now.

Given the environment we are in, the Swiss franc strengthening probably wasn’t what you expected. Now, we could have an opportunity.

I am still bullish in this pair, but the last few days have been a bit of a challenge for the US dollar.

The NASDAQ is rallying for the second day in a row, as we continue to see a lot of moves based on bond yields and headlines.

If we can bounce from here, I will be looking to buy the US dollar against the Franc.

Bitcoin continues to be somewhat impressive due to the idea that despite the fact that there are a massive number of reasons to think that the risk appetite would be horrible.

The British pound continues to see buying pressure on Wednesday, as we are looking to break away from the “fear trade.”

The US dollar fell a bit against the Loonie on Wednesday as we may have gotten a little overstretched in this pair. At this point, the longer term doesn’t look different, unless the war ends.

The euro rallied during the early part of the Wednesday trading session, as we continue to see a lot of noise around the war.

The silver market fell to kick off the session on Wednesday, only to turn around and show signs of strength.

Bearish view

Bearish view

Bearish view

The recent NZD/USD sell-off stalled this week as President Donald Trump moved to calm down the markets amid the ongoing US-Iran war. It was trading at 0.5750 on Thursday morning, a few pips above this week’s low of 0.5698.

The USD/ILS exchange rate has moved sideways in the past two months as the US-Iran conflict continued. It was trading at 3.1288 on Thursday, down slightly from last month's high of 3.1750. It remains nearly 20% below its highest point last year.