Forex Daily Forecast, Analysis and Prediction

The US dollar fluctuated during the trading session on Wednesday to show a bit of stabilization near the 1.26 handle.

The FTSE 100 rallied a bit during the trading session on Wednesday only to give up some of the gains and form a less-than-impressive candlestick.

The S&P 500 initially tried to rally during the trading session on Wednesday but gave back a significant amount of gains as we reached towards the 3900 level.

The NASDAQ 100 got absolutely crushed during the trading session on Wednesday again, as traders begin to worry about the job situation in the United States.

A quiet and indecisive Forex market.

Support above major round number at 1.2000.

The euro fluctuated during the trading session on Wednesday as we see the 50-day EMA now acting as a bit of a magnet.

The British pound rallied slightly during the trading session to reach towards 1.40 level before pulling back a bit and then bouncing again.

Gold markets have gotten hammered again during the trading session on Wednesday to reach down towards the $1700 level.

The Australian dollar pulled back just a bit during the trading session on Wednesday, showing a bit of hesitation after the bounce from the last couple of days.

The Bitcoin markets rallied significantly during the trading session on Wednesday to break above the $50,000 level.

The GBP/USD price came under pressure in the overnight session after the weak ADP employment numbers and Rishi Sunak’s budget speech.

The BTC/USD is hovering around the 50,000 mark as investors wait for the next big move.

USDT/USD has bounced slightly higher in early trading today after testing a key short-term support level.

The past few days of trading in ETH/USD have seen the digital currency climb from important support back to optimistic speculation.