Forex Daily Forecast, Analysis and Prediction

The US dollar tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to form a less than impressive candlestick.

The Euro has continued to do almost nothing during the trading session on Wednesday, as we are simply going back and forth around the 50 day EMA.

At the end of the month, we will have an interesting meeting for the Bank of England, as there are a lot of traders out there

The NASDAQ 100 has initially shot higher during the trading session on Wednesday but gave back quite a bit of the gains as we reached the crucial 9250 handle.

The S&P 500 had rallied a bit during the trading session on Wednesday, to reach to a fresh, new high but then gave back quite a bit of the gains.

The natural gas markets have gone back and forth during very quiet trading on Wednesday, as we await the next move.

The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Wednesday, slicing through the 200 day EMA

The gold markets initially pulled back during the trading session on Wednesday but continue to find buyers at the $1550 level.

USD/JPY: Bearish

BTC/USD: Level looks increasingly pivotal

Downside pressure on the Singapore Dollar increased after the 2019 GDP came in at the lowest growth rate in ten years, at 0.7% annualized.

After the Bank of Canada kept its interest rate unchanged at 1.75%, in a move widely anticipated by financial markets,

GBP/USD: Breakout from triangle formation

EUR/USD: Resistance at 1.1100 looks pivotal

Japanese trade data for December showed the global economic slowdown extended, which drove safe-haven traders to the Japanese Yen.