Forex Daily Forecast, Analysis and Prediction

Bullish momentum is expanding after this currency pair grazed the top range of its short-term support zone.

Economic data out of Australia this morning showed the service sector entering a recession while retail sales surprised to the upside.

AUDUSD: Bearish below 0.6882

USDJPY: Strongly Bullish

President Trump’s speech after the Iranian attack on US bases in Iraq, eased a lot of the financial markets fears.

Despite the decline in Gold prices by more than 70 dollars, down to the $1540 level an ounce after record gains at the beginning of yesterday's session.

The concerns of Brexit future returned to the fore again.

Throughout this week's trading, the EUR/USD price is moving within a downward correction that pushed the pair towards the 1.1108 support.

The US dollar has been all over the place against the Japanese yen during trading on Wednesday.

The S&P 500 initially pulled back a bit during the trading session on Wednesday, in reaction to the Iranians sending missiles towards the Americans in Iraq.

The NASDAQ 100 has initially gotten hammered during the trading session on Wednesday but turned around to show signs of strength as we continue to see the overall uptrend take over.

The Euro initially tried to rally initially during the trading session on Wednesday, but then broke down a bit from there to reach towards the 1.11 level underneath.

The British pound has initially gone to the upside during the trading session on Wednesday, but then turned around to show signs of exhaustion.

The Australian dollar has gone back and forth during the trading session on Wednesday, as we continue to hang around the 50 day EMA.

The West Texas Intermediate Crude Oil market has originally rallied during the trading session on Wednesday.