Forex Daily Forecast, Analysis and Prediction

The US dollar is currently sitting just above the 19.75 pesos level, an area that had recently caused a bit of a bounce.

Bitcoin markets rallied on Wednesday as the $40,000 level has offered a significant amount of support.

Gold markets rallied again on Wednesday as we continue to see plenty of bullish pressure.

The West Texas Intermediate Crude Oil market rallied on Wednesday as we continue to recover overall.

Ethereum bounced a bit from the $3000 level, as it continues to be important.

ZCash rallied Wednesday, bouncing from the 200-day EMA.

The S&P 500 futures markets have rallied quite significantly on Wednesday to reach the 50-day EMA indicator.

The euro bounced from the crucial 1.08 level, an area that has been supported previously.

The New Zealand dollar initially tried to rally on Wednesday but gave back gains near the 0.69 level to plunge all the way down to the 0.6750 level at one point.

The EUR/USD price crawled back as investors waited for the upcoming interest rate decision by the European Central Bank (ECB).

The GBP/USD pair staged a recovery during the American session as the strong US dollar rally took a breather.

The AUD/USD pair attempted to recover after the surprise interest rate decisions by the Reserve Bank of New Zealand (RBNZ) and Bank of Canada (BOC).

The factors of the euro's weakness are still continuing, most notably the Russian war and its consequences.

The rise in US inflation levels coincided with the decline in US Treasury bond yields.

For three trading sessions in a row, the bulls are settling in the price of the USD/JPY currency pair around the resistance level at 125.75, the highest in six years.