Forex Daily Forecast, Analysis and Prediction

The FTSE 100 had a very rough trading session on Thursday as it plunged towards the 200 Day EMA, for the second time in the last 10 sessions.

The pace of losses for the EUR/USD currency pair continued more towards a noticeable support level on the charts in the middle of this week's trading.

With continued risk aversion, the GBP/USD exchange rate recorded a new low in 2022 as the Russian invasion of Ukraine undermined expectations about the number of interest rate hikes

The US dollar pairs gained additional momentum in addition to the demand for it as a safe haven

Gold prices fell, losing steam for the first time in three days, as strong stock markets slightly dampened the commodity's safe-haven appeal.

On Wednesday, natural gas futures posted a notable advance for the second consecutive session as Russia advanced in its invasion of Ukraine, fueling fears of an energy crisis that fueled a surge in commodity prices.

The Turkish lira fell strongly against the dollar during yesterday's trading.

The Dow Jones Industrial Average rose again during its recent trading at the intraday levels, to achieve gains in its last sessions.

DOGE/USD has continued to incrementally climb higher, but has also exhibited rather quick reversals lower after producing gains.

Wheat has reached to within sight of all time record prices as the commodity has seen its price launch higher as nervous trading sentiment has been triggered.

There may be a possible short trade opportunity from $1.3458 later.

The euro initially sliced well below the 1.10 level, as there was a major “risk-off” type of situation.

The British pound initially pulled back to break down below the 1.33 level but found buyers to come back in and push to the upside.

The West Texas Intermediate Crude Oil market has gapped higher to kick off the trading session on Wednesday and then shot straight towards the $112.50 level.

Ethereum initially tried to rally on Wednesday to pierce the $3000 level.