Forex Daily Forecast, Analysis and Prediction

The Japanese yen fell to a two-decade low after Bank of Japan Governor Haruhiko Kuroda pledged to maintain monetary policy in order to support an economic recovery

With the continued strength of the US dollar, the price of gold XAU/USD fell, stable around the level of 1668 dollars an ounce.

The DAX initially rallied during the trading session on Wednesday but gave back some of the gains.

The BTC/USD has done very little during the trading session on Wednesday as we continue to wait around for some type of signal.

The USD/CAD is testing early morning highs as of this writing as it incrementally continues to show a bullish trend which shows consistent price action.

The NZD/USD continues to test lower support and then produce slight upwards reversals as the lower trend remains intact.

The West Texas Intermediate Crude Oil market has pulled back for the third day in a row to pierce the $87 level, only to find a little bit of support.

The USD/INR has been slightly negative during the trading session on Wednesday as we are drifting sideways.

The S&P 500 E-mini contract has gone back and forth during the trading session on Wednesday, sitting right around the 3600 level.

The NASDAQ 100 went back and forth during the day on Wednesday, and relatively titrating as the markets are waiting on the CPI numbers coming out on Thursday.

Gold markets have done very little during the trading session on Wednesday as we are sitting just below the crucial $1680 level.

My previous EUR/USD signal last Thursday was not triggered, as there was no bullish price action when the support level I had identified at $0.9847 was first reached.

The GBP/USD price tilted upwards even as concerns about the UK economy continued.

The BTC/USD continued consolidating as the market waited for the upcoming American inflation data.

The AUD/USD price remained in a consolidation phase after the Federal Reserve published minutes of its previous meeting.