Forex Daily Forecast, Analysis and Prediction

The Turkish currency maintained a limited range against the US dollar during trading today, Wednesday.

Sterling has bounced back from its previous sharp losses so far in the latest quarter, but it is likely to remain one of the biggest weak performers in the major currency complex into the new year 2023,

The Dow Jones Industrial Average returned to rise during its recent trading at the intraday levels, to achieve gains in its last sessions, by 1.18%.

Spot natural gas prices (CFDS ON NATURAL GAS) continued to rise in early trading on Wednesday, to achieve new daily gains until the moment of writing this report, by 2.29%.

Amidst the bullish momentum enjoyed by the performance of the USD/JPY currency pair, the pair is awaiting important and influential US economic data.

XAU/USD gold futures recorded small gains yesterday, rebounding to the $1750 level, recovering from a decline towards the $1732 level.

The USD/CAD has moved lower after hitting a short-term high on Monday, the downwards momentum has returned the currency pair back to its recent bearish mode.

The USD/INR is trading near the 81.8100 mark as of this writing having put in solid incremental gains the past week.

The GBP/USD price moved sideways on Wednesday morning as traders waited for the Federal Reserve minutes.

The EUR/USD price pulled back slightly ahead of the latest flash manufacturing and services PMIs and FOMC minutes.

The AUD/USD price was little changed on Wednesday as investors waited for the upcoming American economic data and FOMC minutes.

The S&P 500 has rallied a bit during the trading session on Tuesday to show signs of life as we continue to consolidate overall.

The NZD/USD has rallied a bit during the trading session on Tuesday as we continue to see a lot of choppy behavior.

The NASDAQ 100 has bounced a bit during the trading session on Tuesday, as we continue to see the market go back and forth as we await some type of catalyst to get the market moving.

Gold markets initially rallied on Tuesday but have given back quite a bit of the gain as we continue to see a lot of volatility in the US dollar.