Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially fell during the trading session on Thursday, reaching down below the 200 day EMA which of course is a very important indicator on longer-term charts.

USD/CHF: How strong is the resistance zone?

NZD/USD: More upside following breakout

EUR/JPY: Can price action reverse from support?

During the trading on Thursday, October 3, 2019, financial markets and investors in the forex trading market are on a date with the announcement of the Purchasing Managers' Index

Investors are rushing to buy safe havens again as renewed fears of a failed US-China trade talk round and a bleak Brexit scene, and the yen shrugged off an increase in sales tax in Japan starting this month.

In our recent technical analysis, with the price of gold correcting down to the $1495 support, the lowest in nearly two months,

The single currency lacks momentum for gains against the other major currencies as the economic performance of the Eurozone continues to weaken, led by its largest economy, Germany.

The GBP is trying to take advantage of any positive development on the Brexit track to avoid further record losses.

Continuous bearish momentum pushed EUR / USD to test the 1.0880 support, its lowest level in 28 months,

Gold: Will safe haven demand extend the rally?

The S&P 500 has fallen quite a bit during the trading session on Wednesday, slamming into the 2875 handle.

The US dollar broke down significantly during the trading session against the Japanese yen during Wednesday as the S&P 500 got hammered.

The Australian dollar has initially fallen during the trading session on Wednesday, finding buyers at the lows again to turn around of form a bit of a hammer for the trading session.

The Euro initially fell during trading on Wednesday but then turned around to show signs of resiliency as we continue to see a bit of a bottom forming.