Forex Daily Forecast, Analysis and Prediction

Stronger growth of US economy and foggy future of Brexit supports the GBP/USD's bearish stability to the 1.2580 support level, the lowest in more than 4 months before settling around 1.2615 at the time of writing.

So far, there has been no sign that the EUR/USD could rebound higher after testing its lowest level in two years before stabilizing around 1.1135 support at the time of writing,

The USD/JPY has ignored the continued strong growth of the US GDP and continued to move downward to the support level at 108.79 at the time of writing

Earlier in Thursday trading, the GBP / JPY pair tried to correct as high as 138.71, but the bounce remains weak and the bearish momentum remains the strongest.

Gold prices tried to rally during yesterday's trading, but the gains did not exceed the $1286 level an ounce, after falling the previous session to the $1276 support level, where it is almost stable around at the time of writing.

Global crude oil prices have fallen sharply, as fears of a US-China trade war and its possible impact on the global economy, have increased the likelihood of lower energy demand in the near term.

With Thursday's session started, the EUR / JPY pair is attempting to rebound higher, with but gains did not exceed 122.23 at the time of writing.

Ahead of the release of important US economic growth figures, the GBP / USD pair continues to struggle with a stronger bearish momentum towards the 1.2611 support level,

The continuation of the US-China trade war will continue to cause a strong pressure on the performance of the Eurozone economy and consequently the Euro will continue to decline.

A new bearish momentum for gold prices ahead of the release of US economic growth figures, which will have a strong impact on the US dollar and therefore on gold prices that are currently established, around $ 1277 an ounce at the time of writing.

Ahead of the release of US economic growth figures later in the day, the USD/JPY is attempting to bounce back up to 109.78 at the time of writing, after bearish pressure pushed the pair to test the 109.14 support level.

NZDUSD analysis: significant bottom at 0.6500?

AUDUSD analysis: remaining bullish above 0.6900

USDJPY: more bullish

Bitcoin: remains bullish below new 1-year high near $9k