Forex Daily Forecast, Analysis and Prediction

The Bitcoin market fell rather hard on Wednesday as the $30,000 level has caused a bit of resistance.

The euro fell a bit on Wednesday as we continue to see more of a “risk-off” type of move in the market.

The British pound fell during the trading session on Wednesday as we continue to see a lot of noisy behavior.

Litecoin initially tried to rally on Wednesday but gave back the gains to show less than bullish behavior.

The GBP/USD pair pulled back on the back of a stronger US dollar as global risks rose.

The BTC/USD pair correlation with American stocks continued in the overnight session.

The AUD/USD pair rose slightly during the Australian session as investors reacted to the stronger US dollar and the latest Australian jobs data.

During the recent trading sessions, we noticed a rebound in the price of the euro currency pair against the dollar, EUR/USD, with gains to the resistance level of 1.0556.

As the performance of last week, the USD/JPY currency pair has been moving since the start of this week’s trading in a narrow range with an upward bias.

The British pound succeeded in achieving gains against the euro and the dollar after the release of British labor market statistics that revealed a strong jump in wages and a larger-than-expected drop in unemployment.

Gold futures have struggled for direction since this week's trading began as the Federal Reserve revealed its willingness to raise US interest rates as long as necessary to fight inflation.

Spot natural gas prices (CFDS ON NATURAL GAS) settled on an increase in its recent trading at intraday levels, to record daily losses until the moment of writing this report.

The Dow Jones Industrial Average continued to rise during its recent trading at the intraday levels, to achieve gains for the third consecutive day, by 1.34%.

The Turkish lira continues to decline against the dollar, which was ranked as the third worst currency this year.

Ethereum price has been in a consolidation mode in the past few days as investors reflect on last week’s crash of Terra and the extremely hawkish statement by Jerome Powell.