Forex Daily Forecast, Analysis and Prediction

The euro against the dollar took heavy losses after sharp increases in some US inflation surprised the market.

The US dollar continued to maintain its gains against the rest of the other major currencies since the announcement of US inflation figure.

Today, the markets will be watched with the latest important and influential US economic data for this week.

For the second day in a row, XAU/USD gold prices fell, and thus pushed the most active gold futures contract to its lowest settlement in nearly two months.

The USD/TRY witnessed slight gains, although it continued in a very narrow dynamic range.

Spot natural gas prices (CFDS ON NATURAL GAS) declined in the last trading at the intraday levels, to record daily losses.

The Dow Jones Industrial Average rose slightly in its recent trading at the intraday levels, to achieve slight gains in its last session.

The NZD/USD has achieved new lows in early trading this morning as values have tested the 0.60000 juncture.

The USD/TRY is trading near historic apex highs as its rather long-term consistent bullish trend remains intact.

The USD/JPY has fallen a bit, pulling back from the ¥145 level.

The GBP/USD has rallied a bit during the trading session on Wednesday as the 1.15 level has offered a bit of support.

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.