Forex Daily Forecast, Analysis and Prediction

The XAU/USD pair (Gold vs. the American dollar) settled slightly higher yesterday, marking the first rise in eight trading sessions, as caution set in ahead of Chinese trade data and Bank of Japan's monetary policy announcement.

The WTI Crude Oil markets fell during the session on Wednesday, rallying below the $105 level.

The Australian dollar has been one of the weakest G 10 currencies in the world for several months now.

The USD/JPY pair fell hard during the session on Wednesday, as the back and forth nonsense involving The Federal Reserve continues.

If we managed to break down below the 1.32 handle, I think that this market could really start to break apart and head back down towards the 1.28 handle over the longer term.

Short EUR/JPY between 130.14 and 130.73 if the price reaches this level before Midnight GMT tonight.

The GBP/CHF continues to remain bearish overall, in the grip of a 3+ month descending channel.

The XAU/USD pair (Gold vs. the Greenback) fell eight days in a row.

The WTI Crude Oil market fell during the session on Tuesday after initially trying to form gains.

The EUR/GBP pair rose during the session on Tuesday, after bouncing just above the 0.86 handle.

The AUD/USD pair rose during the session on Tuesday, breaking the top of the hammer from Monday.

If we can get above the 1.3350 level on a daily close, I think that would be close enough for me to start buying.

The EURO is showing signs of weakness against the US Dollar with another rejection of prices above 1.3300.

Gold continued to lose ground against the American dollar (XAU/USD) yesterday.

The WTI Crude Oil markets went back and forth during the session on Monday, but as you can see they really didn't get too far in either direction by the end of the day.