Forex Daily Forecast, Analysis and Prediction

The euro fell a bit during the trading session on Wednesday to reach down towards the 50-day EMA.

The British pound shot higher during the trading session on Wednesday to reach towards the 1.42 level before pulling back significantly.

The West Texas Intermediate Crude Oil market has rallied again during the trading session on Wednesday to break above the $63 level.

The NASDAQ 100 has broken down below an uptrend line during the trading session on Wednesday again, just as we did during the day on Tuesday.

The S&P 500 initially pulled back a bit during the trading session on Wednesday as yields in the 10-year note spiked.

The FTSE 100 initially pulled back on Wednesday to find the 50-day EMA as support.

The DAX Index broke the 14,000 level during the trading session on Wednesday, which is a very bullish sign.

Gold markets initially fell during the trading session on Wednesday only to find support underneath and bounce towards the $1800 level.

The Australian dollar initially pulled back during the trading session on Wednesday but then turned around to show signs of strength again.

The Bitcoin market had rallied rather significantly during the course of the trading session on Wednesday to pop above the $50,000 level but has also turned around to show signs of weakness.

The GBP/USD price retreated yesterday after hitting its highest level since March 2018.

The EUR/USD is in a tight range ahead of important economic releases from the United States (US) and the European Union (EU).

The AUD/USD retreated in the overnight session as traders reflected on the performance of commodities, Jerome Powell’s testimony, and the Australian expenditure data.

The BTC/USD price is hovering around 50,000 as investors question the latest volatility of the digital currency.

BBNB/USD has jumped in value during the past week of trading as speculative forces have generated momentum based on potential developments.