Forex Daily Forecast, Analysis and Prediction

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.

The GBP/JPY has been relatively quiet during the trading session on Tuesday, as we continue to see the market try to go to the upside, but it has run out of momentum.

During the trading session on Tuesday, we have seen a little bit of a bump higher in the WTI Crude Oil market, after forming a nice hammer during the trading session on Monday.

Tuesday was a rather quiet trading session in general, and the EUR/USD was no different than most other financial instruments.

The DAX has been relatively quiet during the trading session on Tuesday, as we continue to hang right around the €14,500 level.

The GBP/USD rallied just a bit during the trading session on Tuesday as we continued to meander just below the $1.20 level.

The BTC/USD has bounced just a bit during the trading session on Tuesday, gaining about 2.5% by midday.

Bitcoin has continued to recover following the recent fall to new lows.

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