Forex Daily Forecast, Analysis and Prediction

The S&P 500 has rallied significantly after the Federal Reserve meeting on Wednesday, as traders rejoice that the interest rate hike was only 75 basis points instead of 100, which was feared.

The Australian dollar has rallied after the Federal Reserve meeting, as we have seen the Aussies slam into the 0.70 level.

The Euro rallied a bit during the trading session on Wednesday after the Federal Reserve meeting

The GBP/USD pair rose sharply even after the Federal Reserve delivered the latest interest rate decision.

The Bitcoin market rallied ever so slightly Wednesday as we continue to see a lot of noisy behavior.

The Ethereum market bounced a bit Wednesday as the market is bouncing from the hammer that had been formed during the Tuesday session.

The West Texas Intermediate Crude Oil market has been somewhat tight Wednesday as we continue to see the oil markets worry about multiple issues at the same time.

The USD/JPY pair initially rallied Wednesday but gave back gains to show signs of hesitation.

Bitcoin retested the important resistance level at $23,000, which was still about 10% below the highest point last week.

Gold markets have been relatively quiet as we awaited the Federal Reserve meeting on Wednesday.

The EUR/USD price rose sharply after the hawkish interest rate decision by the Federal Reserve.

The AUD/USD pair rose to the highest level since June 17th after the Federal Reserve delivered another 0.75% rate hike on Tuesday.

The price of gold crept higher as investors started the countdown to the conclusion of the main Federal Reserve meeting where US interest rates are expected to rise significantly.

Amid bearish momentum, and for three trading sessions in a row, the USD/JPY currency pair is settling in narrow ranges between the support level of 135.56 and the level of 136.90

Sterling was stronger against the euro, dollar, and other currencies in the last week of July as global investor sentiment improved due to outperformance.