The Euro initially tried to rally during the trading session but found the area near the 1.10 level would be far too resistive to continue going higher.
NASDAQ 100 Forecast: Starting to Show Signs of Life
The NASDAQ 100 went back and forth during the trading session on Thursday, showing signs of stability yet again.
NZD/SGD: Technical Rebound Vulnerable to Fresh Breakdown
New Zealand and Singapore announced initial economic stimulus measures, the latter leading the fight against Covid-19 related disruptions.
GBP/AUD: Can Short-Term Support Zone Reverse the Sell-Off?
After the Bank of England announced its second unscheduled emergency interest rate cut in March,
EUR/USD: Short-Covering Rally to Follow Momentum Recovery
Due to the financial meltdown in response to Covid-19, a liquidity crunch forced inflows into the US Dollar, providing a short-term boost to price action.
Gold Forecast: Markets to Continue Building Base
Gold markets have gone back and forth during the trading session on Thursday, as we continue to see a lot of confusion about what to do next.
WTI Crude Oil Forecast: Market is Oversold
The West Texas Intermediate Crude Oil market has gapped higher to kick off the Thursday session before breaking above the $25 level.
Bitcoin Forecast: Recovering in Short-term Trading
The Bitcoin market broke higher during trading on Thursday, clearing the $6000 level quite handily.
Silver Forecast: Forming Base in Short-term
Silver markets gapped to the upside during the trading session on Thursday but then pushed back and forth in rather volatile trading.