Forex Daily Forecast, Analysis and Prediction

Gold markets rallied ever so slightly on Wednesday as we continue to see more of an upward push in the market.

The US dollar pulled back a bit against the South African rand on Wednesday to reach down towards the 200-day EMA.

The US dollar drifted a bit from the highs over the last couple of days to show strength in the Canadian dollar in the short term.

The West Texas Intermediate Crude Oil market rallied a bit on Wednesday to show signs of life again.

The euro fluctuated on Wednesday ahead of the FOMC statement.

The British pound fluctuated on Monday, waiting for the FOMC.

Bitcoin fell towards the $40,000 level on Wednesday but as you can see, has turned around quite significantly.

The NASDAQ 100 rallied a bit on Wednesday to break above the 50-day EMA.

The S&P 500 rallied a bit on Wednesday as it awaited the FOMC minutes.

The FTSE 100 rallied significantly on Wednesday to break above the 50-day EMA.

The AUD is one of the relatively weak currencies.

The GBP/USD pair wavered in the overnight session after the relatively hawkish Federal Reserve decision.

The BTC/USD rebounded in the overnight session as investors reacted to the Federal Reserve decision.

The price is recovering firmly from the post-FOMC drop over the short term.

The energy crisis, Brexit skirmishes, weak British economic performance and corona variants all pushed the GBP/USD down to the 1.3640 support level, where it has settled as of this writing.