Forex Daily Forecast, Analysis and Prediction

Gold markets have done very little during the trading session on Wednesday as we are sitting just below the crucial $1680 level.

My previous EUR/USD signal last Thursday was not triggered, as there was no bullish price action when the support level I had identified at $0.9847 was first reached.

The GBP/USD price tilted upwards even as concerns about the UK economy continued.

The BTC/USD continued consolidating as the market waited for the upcoming American inflation data.

The AUD/USD price remained in a consolidation phase after the Federal Reserve published minutes of its previous meeting.

The price of XAU/USD gold stabilized in Asian trading on Wednesday, after comments made by the Bank of England regarding the removal of emergency support to the market

Spot natural gas prices (CFDS ON NATURAL GAS) slightly advanced during the recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report.

The price of the currency pair EUR/USD is still stable in its bearish trend below the support level of 0.9700, near the lowest in 20 years.

In early trading on Wednesday, sterling turned to gains after a Financial Times report appeared to back off comments

The Dow Jones Industrial Average rose by its recent trading at intraday levels, to achieve its first gains in five consecutive sessions.

In recent technical analyses of the USD/JPY currency pair it is ready for new record bullish breaches, as it returned to the levels of Japanese intervention in the market.

The USD/MXN continues to provide traders with a rather solid range to take advantage, this as U.S Federal Reserve policy battles higher energy prices.

The GBP/USD slammed lower in late night trading as a comment from BoE Governor Andrew Bailey poured gasoline into already fragile global markets.

The West Texas Intermediate Crude Oil market has fallen a bit during the trading session on Tuesday to test the 50-Day EMA.

The USD/JPY has pulled back just a bit during quiet trading on Tuesday, as we had tried to break above the recent high.