Forex Daily Forecast, Analysis and Prediction

The euro has continued to drift a bit lower on Tuesday to reach the 1.0850 level.

The gold markets rallied a bit on Tuesday as we gapped higher and then went to raise above the candlestick from the previous session.

The GBP/USD remained under pressure ahead of the upcoming UK consumer and producer inflation data.

The EUR/USD pair declined sharply on Tuesday and on Wednesday morning as investors reacted to the latest US inflation data.

The BTC/USD pair continued crawled back slightly even after the strong American consumer inflation data.

At the beginning of this week's trading, the price of an ounce of gold moved towards the resistance level of 1969 dollars, the highest for the gold market in nearly a month.

Amidst a sharp upward momentum, the price of the US dollar against the Japanese yen (USD/JPY) currency pair is receiving the announcement of US inflation figures today.

The EUR/USD exchange rate entered the new week's trading near its lowest levels in several years, stable around the 1.0880 support level closest to the most important bear target 1.0800.

For two days in a row, the bears succeeded in stabilizing the price of the GBP/USD currency pair below the 1.3000 psychological support, with losses to the 1.2982 support level.

The rising cost of energy imports widened the scope of the deficit.

Spot natural gas prices (CFDS ON NATURAL GAS) continued to rise during the recent trading at the intraday levels.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in its last sessions, by -1.19%, to lose the index towards -413.04 points.

A major breakdown is likely if $1.3000 gives way.

DOGE/USD has jetted lower and is now near extremely important low water marks as nervous sentiment threatens to overtake the cryptocurrency market again.

The USD/JPY is touching new long-term highs, and technical traders who are considering direction may feel as if they are looking into the clouds for answers.