Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but failed and gave up all of the gains.

Natural gas markets tanked a bit during the trading session on Thursday after a bearish inventory number came out.

Bitcoin markets fell a bit during the trading session on Thursday but have recovered towards the end of the day.

Gold markets drifted a little bit lower to kick off the trading session on Thursday but then rallied again to continue to show the $1500 level as being crucial.

After the breakdown below its horizontal resistance zone, the uptrend in the EUR/JPY is collapsing.

Upside in the GBP/NZD has been exhausted as bulls have pushed this currency pair close to the 2.00000 level.

Selling pressure in the USD/CHF has increased as a risk-off sentiment is accompanying the end of the trading week.

The Australian Dollar came under selling pressure as trade fears between the US and China have surfaced once again.

After cutting interest rates for the first time in more than a decade in late July, the Federal Reserve announced another rate cut after the monetary policy meeting that ended yesterday.

Ahead of the Bank of England's monetary policy decisions, the GBP / USD pair is trying to hold to gains around the 1.2500 resistance, which supports a break of the downtrend.

NZDUSD: More bearish below 0.6322

AUDUSD: More bearish below 0.6800 pivotal point

USDJPY: Strong resistance at 108.43 holds

Bitcoin: Bearish breakdown but $9,800 holds for now

The NASDAQ 100 fell hard during the trading session on Wednesday, reaching towards the 7800 level.