Forex Daily Forecast, Analysis and Prediction

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.

The West Texas Intermediate Crude Oil market fell on Wednesday as the Federal Reserve announced a 75 basis point interest rate hike.

Helium fell a bit on Wednesday as we continue to see it bounce around the $9.00 level.

Elrond had a slightly negative trading session on Wednesday as we continue to see the crypto markets fall apart.

The DAX rallied a bit on Wednesday as we bounced from the €13,250 level.

The S&P 500 rallied a bit on Wednesday as the Federal Reserve's meeting came into focus.

The Australian dollar rallied a bit on Wednesday to form a double-bottom pattern.