Forex Daily Forecast, Analysis and Prediction

The AUD/USD has bounced ever so slightly during the trading session on Wednesday as the 0.67 level continues to offer quite a bit of support.

The S&P 500 had a relatively quiet trading session on Wednesday as market participants collect their thoughts after the massive Tuesday selloff.

The EUR/USD has done very little during the trading session on Wednesday, which might be a minor victory considering just how aggressive the US dollar was on Tuesday.

The GBP/USD price bounced back slightly after the latest UK and US inflation data.

The EUR/USD price remained under intense pressure as investors positioned themselves for a more hawkish Federal Reserve.

The BTC/USD price continued its bearish trend as worries of a tighter monetary policy continued.

My previous signal on 6th September was not triggered, as there was no bullish price action when the price first reached rejected the support level which I had identified at 0.6719.

The West Texas Intermediate Crude Oil market continues to do very little, as the Wednesday session was another grind fest.

Gold markets have done very little during the trading session on Wednesday, as we are sitting just above the $1700 level.

Ethereum has done very little on Wednesday, which considering what happened on Tuesday is a bit of a minor victory.

The DAX has fallen a bit during the trading session on Wednesday as we continue to see a little bit of softness in the stock markets.

The BTC/USD did almost nothing during the day on Wednesday as we continue to see a lot of noisy behavior overall.

The USD/TRY settled on minor changes, as global reports showed the expansion of foreign reserves in the country.

The USD/MXN reflected the broad Forex world yesterday when the currency pair suddenly bounced higher as it reacted to the U.S inflation data published.

The USD/SGD is again near long term highs after U.S inflation data caused a tidal wave of reactions throughout the global financial markets yesterday.