Forex Daily Forecast, Analysis and Prediction

The BTC/USD did almost nothing during the day on Wednesday as we continue to see a lot of noisy behavior overall.

The USD/TRY settled on minor changes, as global reports showed the expansion of foreign reserves in the country.

The USD/MXN reflected the broad Forex world yesterday when the currency pair suddenly bounced higher as it reacted to the U.S inflation data published.

The USD/SGD is again near long term highs after U.S inflation data caused a tidal wave of reactions throughout the global financial markets yesterday.

After the announcement of better-than-expected numbers for US inflation, which favors the path of raising US interest rates, the EUR/USD currency pair gave up most of its recent gains.

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at an increase in recent trading at intraday levels, to record slight daily losses until the moment of writing this report.

The US dollar rose sharply after data showed that inflation in the US is heating up more than the markets expected.

The Dow Jones Industrial Average continued to rise in its recent trading at the intraday levels, to achieve gains for the fourth consecutive session.

Yesterday's trading session was the most important for the bulls to gain more control over the direction of the USD/JPY currency pair.

Gold futures fell after a higher-than-expected US inflation report in August

The GBP/USD pair retreated after the latest UK jobs data.

The EUR/USD pair declined sharply in the overnight session as the market reflected on the strong American consumer inflation data.

The AUD/USD price made a sharp reversal after the latest American inflation data.

My previous signal last Thursday was not triggered as unfortunately the bullish turn at the day’s low took place below $19,182.

The West Texas Intermediate Crude Oil market has initially tried to rally but gave back gains rather quickly as we have seen inflation numbers come out much stronger than anticipated.