Forex Daily Forecast, Analysis and Prediction

The Bitcoin market has fallen during the trading session on Thursday as it looks like we are ready to test the $20,000 level again.

The gold markets pulled back a bit during the trading session on Thursday to drop to the previous uptrend line.

The West Texas Intermediate Crude Oil market initially fell on Thursday as the market approached the crucial 50 Day EMA, and the $112 level.

Spot natural gas prices (CFDS ON NATURAL GAS) rose in their recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.53%.

The US Central Bank announced a stronger-than-expected interest rate hike and calmed Jerome Powell, governor of the bank.

The Dow Jones Industrial Average rose during its recent trading at intraday levels, to break a series of losses that continued for five consecutive sessions, achieving gains in its last sessions by 1.00%.

The Turkish lira stabilized without changes against the dollar during today's trading.

The British pound may be on the way to recover against the US dollar if the Federal Reserve eases market expectations.

Despite raising US interest rates at a larger pace than expected, the price of the US dollar against the Japanese yen (USD/JPY) currency pair experienced selling,

Gold prices rebounded, benefiting from the US dollar's retreat from recent record highs and Treasury yields slightly lowered ahead of the Fed's monetary policy announcement.

ADA/USD has seen a flurry of price action this week like all the major cryptocurrencies, but after hitting short term lows yesterday Cardano has sparked slightly higher.

ETH/USD is still within sight of its lowest short-term depths, but the cryptocurrency has been able to display speculative reversals higher which have created choppy conditions.

There are signs of a potential temporary bottom near $20k.

Bitcoin pulled back just a bit on Wednesday but found a bit of support all the way down at the $20,000 level. Congratulations.

The Canadian dollar fell a bit against the Japanese yen on Wednesday, as the oil markets have also started to correct a bit.