Forex Daily Forecast, Analysis and Prediction

The FTSE 100 formed a neutral candlestick for the trading session on Wednesday, just as it did on Tuesday.

The DAX index fell just a bit during the trading session on Wednesday to break down below the 14,000 level again.

The NASDAQ 100 got hit rather hard during the trading session on Wednesday but then turned around to form a hammer as it looks like we are trying to continue to go towards the 14,000 level.

The S&P 500 initially fell during the trading session on Wednesday, but as we have seen time and time again, the buyers have come in late in the day to push things back up.

The British pound fell a bit during the trading session on Wednesday as we pulled back below the bottom of the shooting star from the previous session.

The crude oil markets initially dipped during the trading session on Wednesday to break down below the $60 level before turning around to show signs of strength.

It certainly looks as if gold is in trouble.

The Australian dollar fluctuated during the trading session on Wednesday as we had failed at the 0.78 level on Tuesday.

The euro has fallen quite a bit during the trading session on Wednesday as we continue to see noise influencing the market.

The BTC/USD price crossed 52,000 for the first time as the relentless rally continues.

The EUR/USD price dropped in overnight trading as investors reacted to the relatively strong US retail sales numbers and the minutes of the Federal Reserve.

The GBP/USD price retreated even after the relatively better inflation data from the United Kingdom.

The AUD/USD price is wavering after the mixed employment numbers from Australia and the recent strong numbers from the United States.

The USD/JPY has touched important resistance levels in early trading today and has seen additional bullish impetus.

After a banking holiday in Brazil yesterday, the USD/BRL may produce some short-term volatility for speculators.