Forex Daily Forecast, Analysis and Prediction

The market initially went higher during the trading session on Wednesday in the AUD/USD pair, as the narrative about the Federal Reserve continues to dominate the market.

The GBP/USD price pulled back slightly ahead of the upcoming Fed and BoE decisions.

The EUR/USD price retreated to the lowest level since October 25 ahead of the upcoming interest rate decision by the Federal Reserve.

The BTC/USD price remained in a consolidation mode in the overnight session as last week’s momentum faded.

The AUD/USD pair remained in a consolidation phase after the latest interest rate decision by the RBA.

The AUD/USD price remained in a consolidation phase after the latest interest rate decision by the Reserve Bank of Australia (RBA)

The BTC/USD price pulled back as the recent rebound waned.

The EUR/USD pair continued falling as investors predicted that the Fed will be more hawkish for longer

The GBP/USD price declined slightly as investors waited for the latest Fed and Bank of England (BOE) rate decisions.

As of this writing the NZD/USD is near the 0.58650 vicinity with its typical quick price action. The NZD/USD has crept upwards today after touching short term

The USD/CAD is currently near the 1.35725 mark. Volatility in the currency pair has risen the past few days. In early trading yesterday, the USD/CAD climbed

The NASDAQ 100 has been rather choppy during the month of October, as we continue to see a lot of noise in the technology sector.

The S&P 500 rallied significantly during the bulk of the month of October, but as we head into the month of November, one of the first things we will see is the Federal Reserve monetary policy statement.

Gold markets have initially tried to rally during the month, but then started to sell off again as traders continue to worry about the overall attitude

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