Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market initially tried to rally on Tuesday but gave back gains as we got a little bit too close to the $100 level.

The NASDAQ 100 broke down a bit Tuesday to reach the 50-day EMA.

The S&P 500 drifted a little bit lower on Tuesday as we continue to hear a lot of noise more than anything else.

The gold markets rallied Tuesday only to give back the gains to form a bit of a shooting star.

The British pound showed a lot of volatility Tuesday as we continue to hang around the 1.20 level.

The EUR/USD pair initially tried to rally Tuesday, but then rolled over quite drastically to crash below the 1.02 level and continued to fall toward the 1.01 level.

The Ethereum market fell a bit Tuesday as we continue to see a lot of negativity.

The BTC/USD pair drifted a bit lower Tuesday as we continue to see a lot of hesitation.

The USD/JPY pair went back and forth Tuesday in relatively quiet behavior.

The GBP/USD price held relatively well on Wednesday morning as investors refocused on the upcoming Fed decision and the warning by the IMF about the UK economy.

The EUR/USD price came under intense pressure as investors reacted to the ongoing energy crisis in Europe and the upcoming Fed decision.

The BTC/USD pair retreated sharply as concerns of the soaring interest rates and the new Coinbase investigation rose.

The AUD/USD price is hovering near its highest level since June 28th even after the International Monetary Fund (IMG) global economic downgrade.

The Turkish lira continued its losses against the dollar that have been going on for nearly a month.

Spot natural gas prices increased in recent trading at intraday levels, to achieve new daily gains until the moment of writing this report, by 0.71%.