Forex Daily Forecast, Analysis and Prediction

USD/MYR: The PCE numbers coming out as expected suggest that the Federal Reserve is going to be on hold and therefore will only cut 3 times this year.

There is still a lot of erratic activity in the bitcoin market, mostly on the upside.

During Thursday's trading session, the Australian dollar made an initial attempt to rise, but it later started to exhibit symptoms of weakening.

As we awaited PCE data, the US dollar is retreated early in Thursday's trading session against the Japanese yen.

After the PCE figures in the US came in as expected, silver rose rather strongly, validating the general consolidation region we have been in for a while.

The market is still consolidating, and the euro performed virtually little in the early hours of Thursday.

The NASDAQ 100 has been very resilient during the month of February, as we continue to see a lot of upward pressure.

The USD/TRY pair stabilized during early trading on Thursday.

The USD/MYR is near the 4.7560 ratio as of this writing.

The USD/ILS is near the 3.58100 ratio as of this writing.

Troubling Challenges Upwards as Sentiment Worsens.

Volatile Range a Warning Sign for Speculative Bets.

In the middle of trading this week, the GBP/USD currency pair fell to the 1.2622 support level before stabilizing around 1.2665.

During the middle of this week's trading, gold futures stabilized.

New indications of the Bank of Japan's imminent shift away from negative interest rates pushed the USD/JPY currency pair lower today.