Forex Daily Forecast, Analysis and Prediction

The gold markets rallied a bit during the trading session on Wednesday, breaking above the top of the hammer from the Tuesday session.

GBPUSD: Looking a little more bearish

With the long-term downtrend in this currency pair intact, supported by fundamental developments, the short-term technical picture suggests a short-covering rally is pending.

Japanese machine orders posted a surprise surge for November, deflating bullish momentum in the CAD/JPY.

Bullish momentum in the ETH/USD is collapsing quickly after this cryptocurrency pair rode a wave of optimism in other assets higher.

After the US and China signed the phase-one trade truce, where China pledged to purchase $200 billion worth of goods over the next two years, the market reaction was muted.

EURUSD: Weakly bullish above 1.1145

The NASDAQ 100 has gone back and forth during the trading session on Wednesday, showing signs of lackluster trading.

The crucial day for financial markets is the date for signing the initial trade agreement between the United States of America and China.

Within a series of important British economic releases for this week, and after the announcement of the GDP growth rate.

A corrective performance of the yellow metal recently pushed prices to the $1536 level of, and before the important event today, prices rebounded to the $1554 level an ounce at the time of writing the analysis.

For five trading sessions in a row, as shown on the daily chart of the USD/JPY pair, an upward corrective performance pair was crowned by stability above the 110.00 psychological resistance, with gains reaching the 110.21 resistance, its highest in seven months.

West Texas Intermediate Crude Oil has had a slightly positive session on Tuesday as we continue to hang around the 200 day EMA.

Natural gas markets initially tried to rally during the trading session on Tuesday, breaking above the $2.20 level.

The NASDAQ 100 has initially tried to rally during the trading session on Tuesday but then gave back the gains in order to form a negative candlestick.