Forex Daily Forecast, Analysis and Prediction

The DAX has shown itself to be negative during the trading session on Wednesday as we are reaching toward the 50-Day EMA.

The BTC/USD has done very little during the trading session on Wednesday as we continue to simply go back and forth in a very tight range.

The USD/ZAR price has been in a strong bullish trend this year as the US dollar index continued surging amid an extremely hawkish Federal Reserve.

The GBP/USD price retreated slightly as the market focused on the political situation in the UK.

The EUR/USD price retreated as the US dollar made a strong comeback on Wednesday.

The BTC/USD price continued consolidating in the Asian session as bond yields rose and American stocks pulled back.

The AUD/USD price continued dropping as investors focused on the latest Australian jobs data.

The GBP/USD has fallen during the trading session on Tuesday as we continue to see overall selling pressure.

The euro has fallen against the greenback yet again during the trading session on Wednesday, as the common currency continues to act as a punching bag.

The US dollar has rallied a bit during the trading session again on Wednesday as we continue to see the Japanese yen get crushed.

Although the day was not necessarily overly negative, it is worth noting that the NASDAQ 100 formed an inverted candlestick rain and a previous support level.

The S&P 500 e-mini contract continues to destroy accounts, as it is just simply chopping around wildly at the latest rumor.

The Dow Jones Industrial Average consolidated its gains with its recent trading at intraday levels, to achieve gains for the second day in a row by 1.12%.

Spot natural gas prices (CFDS ON NATURAL GAS) settled lower in early trading on Wednesday, to achieve slight gains until the moment of writing this report.

Since the start of trading today, the price of gold (XAU/USD) has not changed much and is settling around the level of $ 1647 an ounce at the time of writing the analysis.