Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market rallied rather significantly on Wednesday as we see plenty of buying pressure in this market.

Bitcoin fell a bit on Wednesday again as we see the $30,000 level act as a bit of a magnet for price.

The BTC/USD pair continued consolidating as the market reflected on the new cryptocurrency bill in the US and the upcoming consumer inflation data.

The AUD/USD pair is in a tight range ahead of the upcoming American consumer inflation data and as commodity prices keep rising.

A state of instability dominates the performance of the EUR/USD currency pair since the start of trading this week.

Gold futures posted modest gains yesterday due to weaker US dollar and lower Treasury yields.

The free collapse of the Japanese yen in the forex market led by the USD/JPY currency pair towards its highest in 20 years led all other currencies to achieve record gains.

The price of the pound sterling rebounded, while other currencies fled the dollar fund yesterday.

Get today's recommendation for the Lira against the Dollar.

Spot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in its recent trading at intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.13%.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the second day in a row

GBP/USD remaining in a tight range.

Bitcoin is stuck in a range

There is a likelihood that the pair will continue the bullish trend since it is stuck above the two MAs. If this happens, the next key resistance will be at 0.7300

DOT/USD is trading above the 9.0800 mark as of this writing.