Forex Daily Forecast, Analysis and Prediction

The USD/BRL will return to full trading volume soon and this will test speculative positions quickly.

The USD/MXN has sustained its value below the 20.00000 level and has continued to incrementally lower resistance levels.

The USD/INR hit new short-term lows early today as its bearish trend refuses to vanish.

The West Texas Intermediate crude oil market did very little during the trading session on Thursday, which was expected due to thin volume and a short day.

The Australian dollar rallied initially during the trading session on Thursday in what had been a very strong move early in the session.

The USD/ZAR pair pierced the 14.50 level during the trading session on Thursday, but then turned around to show signs of strength as a bit of profit-taking occurred.

Bitcoin markets fluctuated during the trading session on Thursday, but then rocketed to the $34,800 level yesterday.

The S&P 500 rallied a bit during the trading session on Thursday, as we continue to see plenty of buying pressure overall.

The NASDAQ 100 did very little during the trading session on Thursday, but that should not be a surprise considering it was New Year’s Eve and there was a lack of volume.

Gold markets rallied a bit during the trading session on New Year’s Eve, as the market is trying to break above a major trendline.

Silver markets gapped higher to kick off the trading session on Thursday, but then turned around to pull back and fill the gap.

The euro pulled back from major resistance during the trading on Thursday, which would have been a bit thin due to New Year’s Eve.

The British pound rallied during the trading session on Thursday, but it should be noted that this was a reflection of a lack of volume as well due to New Year’s Eve.

The GBP/USD continued rallying in early trading due to the relatively weaker dollar and optimism about a post-Brexit Britain.

The AUD/USD price started the year on a high note, continuing the 9.60% gains it made in 2020.