Forex Daily Forecast, Analysis and Prediction

The S&P 500 E-mini contract has gotten hammered during the trading session on Wednesday, as we had initially tried to break above the 3900 level, only to get squashed.

The NASDAQ 100 initially tried to rally during the trading session on Wednesday but started to drift lower almost immediately.

The EUR/USD initially tried to rally during the session, showing signs of strength.

The GBP/USD had initially tried to rally during the session on Wednesday, breaking above the 1.15 level again.

The price of the TRY/USD stabilized during early trading today, investors are awaiting the interest rate decision from the US Federal Reserve.

Today, the sterling dollar is settling around the 1.1511 level.

All eyes are on the markets and investors are waiting for the decisions of the US Central Bank, which will have a strong reaction on all currencies against the US dollar.

A state of instability dominates the performance of the USD/JPY currency pair.

Gold futures are looking to start November higher, buoyed by a weak US dollar and expectations by the Federal Reserve to slow the pace of US interest rate hikes.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses for the second consecutive session, by -0.24%.

Spot natural gas prices (CFDS ON NATURAL GAS) settled lower in early trading on Wednesday, to achieve slight daily gains until the moment of writing this report.

The USD/INR is trading near highs in early trading, maintaining its rather lofty price realms near the 82.7600 vicinity as of this writing.

The GBP/USD may prove to be a speculative paradise and dangerous gauntlet over the next two days at the same time.

The USD/JPY initially fell during trading on Tuesday but found buyers underneath to reassert the overall uptrend.

The USD/CAD had initially fallen during the trading session on Tuesday to reach down towards the 1.35 level.