Forex Daily Forecast, Analysis and Prediction

The EUR/USD currency pair rallied a bit on Wednesday as CPI numbers in the United States came out lower than anticipated.

The BTC/USD price jumped in the overnight session as the market reflected on the latest US inflation data.

The AUD/USD price soared to the highest level since June 10th of this year after the latest American consumer inflation data.

The GBP/USD price jumped to the highest level since August 2nd after the latest American inflation data.

Quiet trading sessions with a bearish bias is what is described as the performance of the EUR/USD currency pair recently.

During yesterday's trading, the price of gold recorded the psychological resistance level of 1800 dollars per ounce, the highest in more than a month.

For four trading sessions in a row, the bulls failed to push the USD/JPY currency pair to more than the 135.58 resistance level.

During the recent trading sessions, the bears tried to stop the pace of losses for the GBP/USD currency pair at the psychological support level of 1.2000 so as not to increase the currency pair’s suffering.

The price of the Turkish lira stabilized against the US dollar during the early trading of today, Wednesday.

Spot natural gas prices rose in the last trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 1.18%.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in its last sessions, by -0.18%, to lose about -58.13 points.

The USD/BRL fell to fresh lows on Monday and then demonstrated rather consolidated price action as important support levels came into sight.

The USD/MXN ranks among the most intriguing major currency pairs for traders to wager on because of its rather contradictory results for nearly a year.

Resistance level at 0.7000 handle looks pivotal.

The West Texas Intermediate Crude Oil market pulled back a bit on Tuesday after rallying.