Forex Daily Forecast, Analysis and Prediction

The sudden rise in stock markets points to a sharp reversal in risk sentiment for the better, helping the Euro and the British Pound to rally against the US Dollar.

Amid a state of cautious optimism for the easing of fears about the prolongation of the Russian-Ukrainian war, the price of EUR/USD attempted to rebound higher

USDT/USD has performed its function as a stable coin within the midst of stormy broad cryptocurrency markets.

The US dollar initially tried to rally a bit on Wednesday but gave back gains near the recent highs at 1.36602 to slip back into the previous consolidation region

The British pound rallied a bit on Wednesday to give a little bit of a relief rally in this market.

The FTSE 100 rallied rather significantly on Wednesday as futures reached the crucial 200-day EMA.

The S&P 500 rallied rather significantly on Wednesday to break above the top of the inverted hammer that formed during the Tuesday session.

The US dollar broke down significantly on Thursday to go falling well below the ₹77 level again.

The crude oil market was decimated on Wednesday as the bottom fell out of the markets.

The euro rallied rather significantly on Wednesday to reach towards the 1.11 handle.

Ethereum rallied a bit on Wednesday, just as we have seen many other risk assets do.

Litecoin markets rallied a bit on Wednesday to bounce from the $100 level.

The pair is likely to trade higher over the day.

The GBP/USD pair rose cautiously as the recent strong sell-off took a breather.

The EUR/USD pair rebounded sharply on Wednesday and on Thursday morning as a risk-on sentiment spread in the market.