Forex Daily Forecast, Analysis and Prediction

The US dollar has continued to plow higher against the Japanese yen during the trading session on Thursday.

The German DAX has rallied pretty significantly during the trading session on Thursday as we continue to see a lot of noisy consolidation.

The S&P 500 did initially rally during electronic overnight trading on Thursday, but it's since given back quite a bit of the gains.

Bitcoin initially tried to rally during the trading session on Thursday but has given back all of those gains near the 50 day EMA and just plummeted.

Gold has shot higher during the trading session on Thursday, as the Swiss National Bank has cut rates.

Gold prices are trading higher today, Thursday, reaching a two-week high of $2345 an ounce as slowing US economic performance has raised expectations that the Federal Reserve may cut interest rates this year.

The bears’ control over the EUR/USD pair continues, and it is stable around the 1.0730 support level at the time of writing the analysis.

According to recent trading, the pound has strengthened against its US dollar counterpart.

The yen weakened further, falling below 158 yen per dollar in Thursday trading, at risk of slipping further to its lowest in 34 years.

The USD/BRL touched a high of nearly 5.4820 yesterday before selling off and closing around the 5.4235 ratio.

The USD/ILS has moved towards the 3.70950 level in early trading this morning as some selling has been displayed.

The US dollar has rallied a bit during the course of the trading session, showing signs of life near the 367 forint level.

The US dollar has gone sideways against the Thai baht over the last several trading weeks.

The AUD/USD pair rebounded to its highest point since June 12th as market participants predicted that the Reserve Bank of Australia (RBA) could decide to hike interest rates later this year.

The US dollar has fallen rather significantly over the last couple of days against the Russian ruble.