Forex Daily Forecast, Analysis and Prediction

The silver market initially plunged on Wednesday but then turned around to show signs of life again.

The NASDAQ 100 initially pulled back just a bit on Wednesday but then turned around to rally significantly after Jerome Powell was less hawkish than people had anticipated.

The S&P 500 shot higher after initially dropping on Wednesday as the Federal Reserve was not nearly as hawkish as some people priced in.

Bitcoin markets bounced a bit from the 200-day EMA to show signs of stability, which is exactly what we need at this point.

The Ethereum market fell on Wednesday, but then turned around to show signs of life again as we approach the $4000 level at the time of writing.

The West Texas Intermediate Crude Oil market pulled back a bit on Wednesday to reach down towards the 200-day EMA.

The euro fell a bit on Wednesday as we awaited the results of the Federal Reserve meeting.

The British pound was all over the place on Wednesday, reaching as high as the 1.3275 level and as low as the 1.3175 area.

The BTC/USD pair has risen in the past three straight days as demand slowly returns.

The GBP/USD pair is moving sideways ahead of the upcoming interest rate decision by the Bank of England (BOE).

The EUR/USD declined and then quickly erased those losses on Wednesday after the relatively hawkish Federal Reserve decision.

The USD/INR is trading within sight of long-term highs as it continues to move in an upwards trajectory as nervous sentiment generates power.

DOGE/USD was provided with a speculative feast yesterday when news made its way through social media that Elon Musk had issued a rather intriguing statement.

The US dollar remains strong in the Forex market as investors begin to flock to traditional safe-haven assets amid an ocean of red ink in global financial markets.

Gold futures contracts joined the financial markets that are negatively affected, as gold fell to $1766 before settling around $1772 as of this writing.