Forex Daily Forecast, Analysis and Prediction

The GBP/USD price pared back most of the losses it made on Wednesday even as bets that the Bank of England (BoE) will slash rates later this year rose.

The EUR/USD price has formed a rising wedge pattern ahead of the upcoming American economic data.

The Australian dollar recoiled against the US dollar after the relatively strong consumer inflation data and weak new home sales numbers.

Bitcoin has gone back and forth during the course of the trading session on Tuesday as we try to figure out where we are going next.

The Dow Jones Industrial Average rose in its recent trading on the intraday levels, to achieve gains for the third session in a row, by 0.31%.

During yesterday's trading, the price of the GBP/USD currency pair was exposed to profit-taking sales.

EUR/USD is still strong with signs of tightening on the part of European Central Bank officials led by Lagarde.

The USD/JPY exchange rate may take signals mostly from high-level US data scheduled for release later in the week.

Spot natural gas prices (CFDS ON NATURAL GAS) fell during their early trading on Wednesday, to deepen their losses yesterday.

The bulls’ control over the performance of the XAU/USD gold price still exists.

The TRY/USD was stable during morning trading today, Wednesday.

The S&P 500 has gone back and forth during the trading session on Tuesday as we continue to hang around between the 200-Day EMA and the downtrend line.

The NASDAQ 100 Index has pulled back ever so slightly during the trading session on Tuesday, as we continue to dance around the downtrend line.

The Nikkei 225 Index has rallied again during the trading session on Tuesday, as we see Tokyo show signs of strength.

The USD/MXN is near the 18.80300 ratio as of this writing, which demonstrates the currency pair’s ability to traverse within sight of long-term lows.