Forex Daily Forecast, Analysis and Prediction

The GBP/USD currency pair continues to see a lot of noise right around the 1.20 level, an area that has been important multiple times.

The AUD/USD pair has fallen rather hard during the early hours on Wednesday, as the RBNZ decided to raise interest rates by another 50 basis points.

The rise of the US dollar will continue and ensure that the euro remains under pressure, according to new research from Swedbank.

The Euro bounced ever so slightly during the trading session on Wednesday as the FOMC Meeting Minutes came out.

The recent British economic data, especially with regard to inflation, raised expectations to force the Bank of England to raise interest rates, but the British Pound did not benefit from that.

The GBP/USD price has been in a downward trend in the past few days. Get our daily Forex signal here.

The bullish retracement path of the USD/JPY currency pair this week was capped by testing the resistance level 135.50 before settling around the 135.10 level in the beginning of trading today,

The US dollar recovered strongly after announcing the content of the minutes of the last meeting of the US Federal Reserve, which contributed to the increase in the selling of the gold price.

The AUD/USD price continued dropping on Thursday morning as it fell to the lowest point since August 8. Get our Forex signal here.

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized in the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 1.49%.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to break with a series of gains that continued for five consecutive sessions.

Short term trading in the USD/MXN has produced slightly consolidated trading.

In early trading this morning the USD/RUB currency pair is near the 60.5000 vicinity and producing a rather solid consolidated price ratio.

The EUR/USD price tilted upwards after the FOMC published minutes of the past meeting.

Bitcoin is gently selling off on deteriorating risk sentiment.