Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market initially tried to rally Wednesday but then plunged quite rapidly.

The GBP/USD price remained under pressure during the Asian session as investors waited for the upcoming Bank of England (BoE) decision and US non-farm payrolls (NFP) data.

The BTC/USD price tilted upwards as investors react to the strong rebound of American stocks and the regulatory clarity in the United States.

The AUD/USD price remains significantly below its highest this week as investors reflected on the latest Reserve Bank of Australia (RBA) decision.

In recent technical analyses, it was mentioned that the gains of the euro currency pair against the dollar EUR/USD may be subject to sale at any time.

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at a decrease in the recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.94%.

For the second day in a row, the price of the USD/JPY currency pair is trying to recover higher with gains to the resistance level of 133.90 today.

Sterling started August trading with solid gains against both the euro and the dollar, but the risks fall later this week if the Bank of England holds back a 25 basis point rate hike

Gold futures extended their gains since the start of trading this week. Gold prices were the closest to testing the psychological top of 1800 dollars an ounce.

The Turkish lira fell slightly to exceed the peak recorded during this year after inflation data issued by the country's Statistics Institute today.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses for the second day in a row, by -1.23%.

The USD/MXN surged higher yesterday with a rapid movement that likely took many speculators by surprise and may have proven expensive.

The USD/BRL has reacted to Monday’s early lower depths with a rather swift punch upwards which essentially creates more speculative opportunities.

Strong support level at $1.2082.

The AUD/USD currency pair was slammed Tuesday, being the first currency to start losing ground against the US dollar.