Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market has rallied a bit on Wednesday to break above the top of the candlestick from Tuesday.

The Litecoin market had a back-and-forth session on Wednesday as we are sitting at the 50-day EMA.

Ethereum went back and forth on Wednesday as we are dancing around the $3000 level.

The GBP/USD pair came under pressure even after the UK published strong consumer and producer price index data.

The EUR/USD pair remained under pressure as investors assessed the statement by the Federal Reserve and ahead of the upcoming flash manufacturing and services PMI.

The AUD/USD pair continued its bullish trend in the overnight session as the US dollar retreat continued.

Prospects for a peaceful settlement in Ukraine have declined significantly this week and is likely to keep the euro under pressure in the near term, analysts say.

Spot natural gas prices (CFDS ON NATURAL GAS) rose during the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 0.54%.

Gold futures quickly ignored Federal Reserve Chair Jerome Powell's comments on inflation.

Despite the state of risk aversion that dominates the markets with the continuation of the Russian war, the USD/JPY currency pair took a strong and sharp upward path and all currencies moved against the Japanese yen.

Since the start of this week's trading, the price of the GBP/USD currency pair is in an upward correction path.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains in its last sessions, by 0.74%, to add about 254.47 points to the index.

The Turkish lira fell during European trading to swallow its morning gains against the US dollar.

DOGE/USD curiously has displayed a rather consolidated price range the past week of trading, and this will prove an intriguing speculative decision for speculators.

The price is likely to range between $1.1012 and $1.1072 today.