Forex Daily Forecast, Analysis and Prediction

Yesterday, the forex currency market witnessed some activity, in contrast to the quiet performance in the beginning of trading.

The gains of the GBP/USD currency pair stopped at the resistance level of 1.3958 during yesterday's trading, and settled around the 1.3880 level.

The DAX Index rallied a bit during the trading session on Wednesday as the 50-day EMA continues to offer a significant amount of support.

The FTSE 100 rallied again during the trading session on Wednesday only to turn around and sell off to form a bit of a shooting star.

Bitcoin rallied again during the trading session on Wednesday as the market continues to look at the $40,000 level as a major barrier above.

The S&P 500 pulled back a bit during the trading session on Wednesday as we continue to see the 4400 level as an important area.

The NASDAQ 100 rallied a bit during the trading session on Wednesday as we continue to see yields in America drop.

AUD weakly bullish but moving in wide swings with deep retracements.

The GBP/USD price tilted lower ahead of the upcoming Bank of England (BOE) decision and after the relatively weak ADP jobs data.

The BTC/USD is in a tight range as investors wait for the upcoming US non-farm payroll (NFP) data and as attacks of Bitcoin SV rises.

The 1.1900 area has sparked a selloff again.

Gold markets rallied significantly during most of the trading session on Wednesday, reaching towards the $1830 level.

The Australian dollar has been back and forth during most of the trading session on Wednesday as we continue to see the 0.74 as an area of resistance.

The West Texas Intermediate Crude Oil market fell a bit during the trading session on Wednesday again as there are a lot of concerns about growth.

The British pound rallied initially during the trading session on Wednesday but gave back the gains as the market has shown itself to be susceptible to a few words from Federal Reserve Vice Chair Richard Clarida.