Forex Daily Forecast, Analysis and Prediction

The Parisian index has rallied a bit during the trading session on Thursday after initially gapping higher.

The West Texas Intermediate Crude Oil market has fallen rather significantly during the trading session on Thursday to reach towards the $75 level.

The British pound has rallied a bit on Thursday to go looking towards the bottom of the descending triangle that the market had previously been involved in.

The Euro has been significantly wounded over the last several sessions, as we continue to drift lower.

The gold markets have fallen a bit during the course of the trading session as we await the jobs number on Friday.

The Australian dollar has rallied significantly during the course of the trading session on Friday to break above the crucial 0.73 level.

The Bitcoin market has gone straight up in the air for several days in a row, but the Thursday session was rather quiet.

The S&P 500 has rallied significantly during the course of the trading session on Thursday to break above the 50 day EMA.

The NASDAQ 100 has broken above the top of the previous trendline that I have marked on the chart.

The German index has rallied significantly during the course of the trading session on Thursday to reach towards the 15,250 level.

Gold futures settled higher, but lacked the momentum to keep going and the price stopped at $1765 as of this writing.

With the energy crisis plaguing the British economy, the British pound remained lower than the rest of the other major currencies.

The European energy crisis and expectations that the US Federal Reserve's policy will be tightened ahead of ECB policy continue to weaken the performance of the EUR/USD.

The USD/JPY pair has been trying to break through the 112.00 psychological resistance again, which strengthens the current bullish outlook for the pair.

Cardano has seen a sudden spike emerge in trading this morning and it is testing short-term highs as volatility has flourished.