Forex Daily Forecast, Analysis and Prediction

The GBP/USD price declined sharply in the overnight session as investors rushed to the safe haven of the US dollar.

The EUR/USD pair retreated slightly as investors rushed to the safety of the US dollar amid the rising geopolitical risks.

The AUD/USD pair held steady during the American and Asian sessions as worries on Europe remained and as investors reacted to the latest Australian wage growth data.

AVAX/USD has reversed higher after hitting significant lows yesterday, and speculators now need to focus on technical resistance and market sentiment.

The Turkish lira witnessed mixed movements during early trading on Wednesday, as it fell against the dollar yesterday, before regaining some of its losses today.

Spot natural gas prices (CFDS ON NATURAL GAS) slightly declined during the recent trading at the intraday levels, to record daily losses until the writing this report, by -0.15%.

SHIB/USD remains within the lower realms of its short-term range, but has managed to provide a slight reversal higher in the past few hours.

The Dow Jones Industrial Average declined in its recent trading at the intraday levels, to record losses for the fourth consecutive session, by -1.42%.

The Ethereum market did initially fallen during the trading session on Tuesday to reach down towards the crucial and psychologically important $2500 level.

Solana bounced ever so slightly during the session on Tuesday as the $80 level has offered significant support previously and showed itself to be relevant again.

Today is an important day for the GBP pairs in the Forex market.

The US dollar initially tried to rally against the South African Rand on Tuesday but has seen the 200 day EMA offer a bit of resistance.

During yesterday's trading, the price of the EUR/USD currency pair attempted to recover, but the gains did not exceed the 1.1367 resistance level.

The US dollar initially tried to rally during the trading session on Tuesday but gave back gains to reach back towards the 20.28 pesos level.

The price of the USD/JPY currency pair is still subjected to selling operations that pushed it recently towards the 114.49 support level, before settling around the 115.20 level, after announcing the rise in US consumer confidence.