Forex Daily Forecast, Analysis and Prediction

The recovery of the US dollar and profit-taking selling were factors that helped in a downward correction for the price of gold XAU/USD towards the level of 1955$.

Recently, EUR/USD had rallied to the 1.0888 resistance level, its highest since February, supported from data.

The S&P 500 exhibited overnight gains as traders increasingly bet on the Federal Reserve's reluctance to raise interest rates further.

The GBP/USD retreated to the support level of 1.2403 after lower-than-expected UK inflation figures and is stabilizing around the 1.2413 level at the start of the Thursday session.

The silver market displayed a modest rally during Wednesday's trading session, once again testing recent highs.

Recently, the USD/JPY pair reached the resistance level of 151.38 after selling in the middle of the week reached the level of 150.04.

The natural gas market experienced a modest rally during Wednesday's trading session, continuing the trend of heightened volatility that has characterized recent trading.

The gold market experienced a rollercoaster ride during Wednesday's trading session.

The EUR/USD had a mixed performance during Wednesday's trading session, reflecting the ongoing uncertainty in the currency markets.

New weakness in the USD.

It has been a busy week for the GBP/USD pair as the US and UK published the latest consumer and producer inflation data.

The EUR/USD exchange rate is loitering near the highest point since September 1st as traders reflected on key US economic data.

Bitcoin price staged a strong comeback in the overnight session as demand for the coin continued.

The Turkish currency stabilized during early trading today, as the USD/TRY pair traded near its highest levels ever.

The USD/JPY displayed a slight retreat during the Tuesday session, casting doubt on its ability to achieve a decisive breakout above the recent highs.