Forex Daily Forecast, Analysis and Prediction

Federal Reserve officials became more determined last month to keep raising US interest rates for longer to prevent rising inflation from becoming entrenched, even if it slows the US economy.

Recent losses pushed it towards the 1.1875 support level, the lowest for the currency pair since March 2020.

In the middle of this week's trading, the euro fell 1.47% against the dollar and became vulnerable to more losses.

Gold futures are trading at their lowest in more than nine months, driven by another rally in the US dollar.

The USD/CHF price has continued its upside as the US dollar continued its strong rally and after the latest Switzerland unemployment rate data.

The USD/INR pulled back sharply on Thursday morning as the spectacular rally faded.

The German DAX index drifted a little bit lower to kick off the trading session on Monday.

The British pound had a rough session on Wednesday as we are well below the 1.20 level.

The EUR/USD currency pair fell hard Wednesday to break down below the 1.02 level.

Bitcoin continues to hang around the $20,000 level, essentially doing nothing.

Ethereum was very quiet on Wednesday as with very little in the way of momentum.

Gold markets fell hard on Wednesday as we are now well below the $1750 level.

The AUD/USD currency pair went back and forth Wednesday as we continue to dance around the crucial 0.68 level.

The Canadian dollar initially fell on Wednesday to reach down toward the ¥104 level.

The West Texas Intermediate Crude Oil market fell quite drastically on Wednesday.