Forex Daily Forecast, Analysis and Prediction

The EUR/USD currency pair reversed half of its July drop in a rally that could be an early warning of a market inflection point

Gold prices were not able to stop the strength of the US dollar, which it described recently as temporary.

After strong gains at the beginning of this week's trading, reaching the resistance level of 1.2045, the price of the GBP/USD currency pair retraced yesterday to the level of 1.1924

The USD/TRY currency pair rose during the morning trading today, Thursday, as the lira recorded new declines against the dollar, to its lowest level this year.

For five trading sessions in a row, the price of the USD/JPY currency pair is moving in narrow ranges between the level of 137.38 and the level of 138.55.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the second day in a row by 0.15%, to add to the index about 47.79 points.

Spot natural gas prices fell in their recent trading at the intraday levels, to record daily losses until the moment of writing this report, by -2.18%.

The EUR/GBP is trading at short term highs and challenging Wednesday’s resistance levels as of this writing.

The USD/CAD is flirting with short term lows and the trend for the currency pair suddenly is starting to show signs of bearishness, but is it real?

Bullish above the support level at $1.1958.

The West Texas Intermediate Crude Oil market gapped lower to kick off Wednesday but then turned around to recapture the $100 level.

The USD/JPY currency pair did very little Wednesday as we continue to levitate at high levels.

The GBP/USD currency pair initially tried to rally Wednesday but gave back gains as we continue to see the 1.20 level offers a significant amount of noise.

The AUD/USD currency pair initially tried to rally Wednesday but gave up any type of momentum and ended up forming a bit of a shooting star.

The S&P 500 Index rose again Wednesday as we continue to see this market recover.