Forex Daily Forecast, Analysis and Prediction

The Australian dollar tried to rally a bit during the trading session on Friday but as usual we have seen the 0.68 level cause a bit of resistance.

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The NASDAQ 100 had an interesting trading session during the day on Thursday, as we have bounced off of the psychologically and structurally important 200 day EMA.

The British pound should continue to rollover at this point, although we have rallied quite nicely during the trading session on Thursday.

The Euro has initially tried to rally during the trading session on Thursday but then broke down rather significantly to reach towards the 1.11 handle.

The US dollar has initially tried to rally during the trading session on Thursday but then turned around at the ¥107 level to fall rather precipitously.

The Australian dollar has rallied a bit during the trading session on Thursday, as we continue to see the market try to test the 0.68 handle.

The West Texas Intermediate crude oil market had a rough session on Thursday, breaking down at the open to gap lower, and stay well below the $55 level.

The Gold markets rallied slightly during the trading session on Thursday, as we continue to reach towards the highs again.

The natural gas markets rallied rather significantly on Thursday, reaching towards the vital 50 day EMA.

The Bitcoin markets fell initially to kick off trading on Thursday but found buyers to come in and pick the market back up above the $10,000 level.

The S&P 500 stabilized a bit during the trading session on Thursday at the 200 day EMA which is essentially the market trying to save itself.

Ahead of the release of a batch of important US economic data, the EUR / USD is stabilizing below the 1.1200 psychological support level, with stronger losses reaching the 1.1130 level, before settling around 1.1150 at the time of writing.