Forex Daily Forecast, Analysis and Prediction

Bitcoin has not only pierced the $18,000 level during the Tuesday session, but have reached new lows on Wednesday.

The GBP/USD is trading near the 1.14090 mark as of this writing.

The GBP/USD price remained in a consolidation phase as investors reacted to the outcome of the American midterm election.

The EUR/USD price collapsed below the parity level as the US dollar rebounded. It was trading at 0.9996, the lowest level since Friday last week.

Gold markets have stalled a bit during the trading session on Wednesday, as we may have gotten a bit ahead of ourselves.

The BTC/USD price crashed to below 16,000 amid rising risks of a contagion in the cryptocurrency industry.

The DAX has gone back and forth during the training session on Wednesday, as we continue to see risk appetite all over the place.

The AUD/USD price pulled back slightly ahead of the upcoming American inflation data.

The West Texas Intermediate Crude Oil market has plunged lower during the trading session on Wednesday to reach down toward the $86 level.

The EUR/USD currency pair has pulled back a bit on Wednesday as we have seen a lot of negativity as far as risk appetite is concerned out there.

The USD/JPY has bounced a bit against the Japanese yen during the trading session on Wednesday, as we have seen a certain amount of continuation of the overall trend.

The S&P 500 has fallen a bit during the trading session on Wednesday as we await to see what happens with the CPI figure early Thursday morning.

The British pound has rolled over from the significant resistance area that I have been pointing out of the last couple of days on Wednesday.

The NASDAQ 100 has drifted lower ahead of CPI numbers coming out on Thursday, as Tesla has been eviscerated again.

The AUD/USD has pulled back from the 0.65 level, an area that has been very important for a while.