Forex Daily Forecast, Analysis and Prediction

The US dollar fluctuated during the course of the trading session on Wednesday as the Indian rupee sits on the ₹73 level.

The West Texas Intermediate crude oil market rallied significantly during the trading session on Wednesday, but gave back all the gains to end up forming a shooting star right at the $50 level.

The S&P 500 fluctuated during a wild trading session on Wednesday.

The NASDAQ 100 fell hard during the trading session on Wednesday as it was announced that it the Democrats will be taking the Senate.

Gold markets fell during the trading session on Wednesday as the US dollar gained a bit.

The Australian dollar rallied during the trading session on Wednesday as the US dollar got smoked by several other currencies.

The Bitcoin market broke above the $35,000 level during the trading session on Wednesday, as we continue to see concerns about stimulus now that the Senate has "flipped blue”.

The British pound fluctuated during the trading session on Wednesday as we look at the 1.36 level as a bit of an anchor for price.

Euro traders went back and forth during the session on Wednesday trying to figure out what will happen to the US economy and monetary policy now that Democrats control all three branches of government.

The EUR/USD rallied in the overnight session after the Democrats took control of the Senate and after the weak private employment numbers.

The BTC/USD is in an unstoppable rally.

Aussie remains relatively strong.

Sky-high coronavirus numbers in U.K. weakening Pound

The GBP/USD pair is under pressure as the number of coronavirus cases continue to rise, forcing the government to unveil new lockdown measures.

The AUD/USD is hovering near its highest level since April 2018 after the relatively strong Service PMI data from Australia and China were released.