Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair broke down during the course of the session on Wednesday, but we remain above the 1.55 handle.

The USD/JPY pair broke higher during the course of the session on Wednesday, clearing the top of the hammer that had formed on Tuesday.

The EUR/JPY pair fell during the course of the day on Wednesday, but found support near the 145 level for the second day in a row. The resulting bullish action send this market much higher and ended up forming a hammer.

The EUR/CAD pair is one that many of you will ignore. You do so at your own peril though because it does tend to trade much like the EUR/USD pair, but also has the added significance of a simple “Europe versus North America” play.

Get the USD/JPY Forex signal for December 18, 2014 here.

Get the GBP/USD Forex signal for December 18, 2014 here.

Get the EUR/USD Forex signal for December 18, 2014 here.

The XAU/USD pair fell to its lowest level in two weeks as a rally in U.S. equities and a stronger dollar dim gold’s appeal.

Microsoft Corporation (NASDAQ:MSFT) is not planning to unveil any flagship Windows Phone at next year’s MWC conference, which will take place in Barcelona from March 2 to March 5.

Major magazine publisher Time Inc. just announced a partnership with Coinbase that will enable readers to pay for their subscriptions in Bitcoin.

Check out the USD/JPY Forex signal for December 17, 2014 here.

Get the GBP/USD Forex signal for December 17, 2014 here.

Check out the EUR/USD Forex signal for December 17, 2014 here.

Gold prices closed slightly higher on Tuesday after falling 2.5% the session before. The XAU/USD pair initially tried to rally, at one point even managed to climbed above the $1212 level and tested the resistance at $1221.

The EUR/USD pair broke higher during the course of the session on Tuesday, but as you can see struggled as we climbed above the 1.25 handle.