Forex Daily Forecast, Analysis and Prediction

The FTSE 100 has had a rough session during the day on Thursday, breaking through the 50 day EMA in a very negative move.

The West Texas Intermediate Crude Oil market initially fell during the course of the trading session to find support near the $71 level.

The S&P 500 has fallen during the course of the trading session on Thursday as yields in America have continued to fall.

The Euro has recovered a bit during the course of the trading session on Thursday to reach towards the 1.1850 level.

The British pound has fallen a bit during the trading session on Thursday to reach down towards the 1.3750 level only to bounce a bit and form a bit of a hammer.

Bitcoin has pulled back a bit during the trading session again on Thursday to reach down towards the $33,000 level.

The Aussie dollar has broken down again during the trading session on Thursday as we continue to grind lower.

Gold markets initially tried to rally during the course of the trading session on Thursday to reach towards the 50 day EMA.

The Fed’s confidence in the US economic recovery and policy tightening is imminent.

For the sixth consecutive day, the price of an ounce of gold is recovering.

Britain is facing a new storm wave of infections with the Corona Virus Delta variant, which threatens the government’s plans to fully open the British economy.

The conflict of safe havens (the dollar vs the Japanese yen) is back. The secret is the rapid spread of the Corona virus variables, which threatens global efforts

The AUD/USD has fallen towards long-term support as the Forex pair extends its slump which technically began in the middle of May.

The USD/CHF continues to traverse near one-month highs, but it has managed to produce a slight reversal lower this morning.

The EUR/USD has stumbled to fresh mid-term lows as important support must be considered by technical traders.