Forex Daily Forecast, Analysis and Prediction

The US dollar is falling again against the Japanese yen on Wednesday, as we continue to see a bit of a pullback in this extraordinarily bullish market.

The Australian dollar has pulled back from the crucial 0.65 level, an area that I think will continue to be very important.

The S&P 500 E-mini contract rallied all the way to the 3900 region during the early hours on Wednesday but has given back quite a bit of the gain.

The NASDAQ 100 has rally a bit during the trading session on Wednesday but ran into trouble as soon as they got to the 50-Day EMA.

The GBP/USD price rallied to the highest level since September 13 as the US dollar sell-off continued.

The EUR/USD price continued its recovery process as the market waited for the upcoming interest rate decision by the European Central Bank (ECB).

The BTC/USD price continued surging during the Asian session as volume rose and market volatility eased.

The AUD/USD price has risen sharply in the past few days.

The Japanese yen quickly gave up the gains of the recent market intervention by Japan.

The GBP/USD got off to a strong start this week, but its recovery faltered after former chancellor Rishi Sunak was confirmed as the next prime minister-in-waiting after the Conservative Party leadership election.

Since the start of this week's trading, the EUR/USD currency pair continues to bounce higher amid a temporary halt to the US dollar's record gains.

The Turkish lira stabilized against the dollar, as the exchange rate of the Turkish currency, which traded near its lowest levels against the dollar, did not change.

Spot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in early trading on Tuesday, to record slight daily losses until the moment of writing this report.

The Dow Jones Industrial Average continued to rise during its recent trading at the intraday levels, achieving new gains for the third consecutive session.

The NZD/USD is trading within sight of the 0.58000 ratio this morning.