Forex Daily Forecast, Analysis and Prediction

US inflation recorded a sharp jump that may force the US Federal Reserve to move faster than the markets expected, and the US dollar returned to steal more gains against the rest of the other major currencies.

BTC/USD made new record highs yesterday and remains within sight of these realms as speculators continue to pursue the cryptocurrency.

Gold provided a flourish of bullish momentum yesterday as it broke through important resistance and surged to mid-term highs leaving speculators with a decision to make today.

The price is trading at 1-year lows below $1.1500.

The DAX Index rallied a bit on Wednesday but gave back gains yet again as we have multiple days in a row.

The IBEX index initially rallied on Wednesday but has run into a bit of a headwind via the overall risk appetite globally.

The Bitcoin market went back and forth on Wednesday as it continues to try to make all-time highs.

The NASDAQ 100 sold off quite drastically on Wednesday as we pierced the 16,000 level.

The S&P 500 got crushed after the worst 30-year bond auction in history took the headlines in the United States.

Gold markets exploded to the upside on Wednesday to break through the significant $1835 level.

The silver market initially fell on Wednesday but found enough buyers to turn things back around.

The West Texas Intermediate Crude Oil market fell significantly on Wednesday to reach down towards the $81.50 level.

The euro sold off quite drastically on Wednesday as we pierced the 1.15 level.

The British pound got slammed on Wednesday, crashing into the major support region just above the 1.34 handle.

The BTC/USD pair jumped to an all-time high on Wednesday as investors reflected on the rising global inflation.