Forex Daily Forecast, Analysis and Prediction

The Australian dollar fell again on Wednesday to reach below the 0.73 level.

The West Texas Intermediate Crude Oil market fell on Wednesday to reach down towards the crucial 50-day EMA.

The EUR/USD has continued to lose value and is testing long-term support as price velocity downwards has quickened.

ADA/USD has seen a sharp loss of value since early last week and is now perched above crucial mid-term support, which creates tough decisions for speculators.

Gold declined from the resistance level of $1878 yesterday, its highest in five months, before it reached the $1849 support and settled around the $1857 level as of this writing.

The catalysts for the USD's ​​gains have been increasing, and they all come down to one thing: the approaching date of raising US interest rates.

The British pound is again defying the strength of the US dollar.

US retail sales numbers joined the list of releases which are fueling expectations of a raising of US interest rates soon.

The West Texas Intermediate Crude Oil market has gone back and forth on Tuesday, as we are hanging about the $81 level.

The US dollar initially pulled back towards the 50-day EMA to turn around and show signs of life again.

The CAC 40 Index rallied significantly on Tuesday as we continue to see the Parisian index go much higher.

The NASDAQ 100 rallied to break above the 16,300 level, showing signs of life yet again.

The S&P 500 rallied a bit on Tuesday to reach towards the 4700 level.

The euro initially tried to rally on Tuesday but gave back the gains to go looking towards the 1.13 level.

The British pound initially rallied on Tuesday but has given up gains yet again to go falling towards the 1.34 handle.