Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 has exploded to the upside during the trading session on Wednesday, reaching the 12,000 area.

Silver markets have rallied quite nicely during the trading session on Wednesday after initially dipping.

The West Texas Intermediate Crude Oil market broke higher during the trading session again on Wednesday, as we continue to see more of a grind to the upside.

The gold markets have pulled back just a bit during the trading session on Wednesday but then turned around to show signs of extreme strength.

The Euro initially fell during the trading session on Wednesday but did turn around to show signs of life again by the end of the day.

The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains near the 50 day EMA.

The Australian dollar rallied again during the trading session on Wednesday, as we have pressed the 0.7250 level yet again.

The British pound rallied again towards the 1.32 level during the trading session on Wednesday, an area that has caused some problems.

The bitcoin market has rallied just a bit during the trading session on Wednesday as we look likely to find the $11,000 level as somewhat supportive.

For the third day in a row, the price of the EUR/USD is trying to correct upwards.

The US central bank does not appear to make any further expansion of its stimulus package in the short term.

The GBP/USD currency pair is trying to reap more gains from the pressure on the US currency.

Investors abandoned safe havens recently, which allowed the USD/JPY pair to push up to the 106.57 resistance.

In the wake of coronavirus and its implications on national economies, Japan has certainly been at the forefront of headlines because of its significant financial and geopolitical importance.

The USD/CHF tested important support levels last week when the 0.90100 came into sights.