Forex Daily Forecast, Analysis and Prediction

New all-time highs in US equity market after the US Fed cut interest rates as expected, but signalled that a pause is next, extended the risk-on mood across financial markets.

Bitcoin: Bullish consolidation above $8,893

USDCAD: BoC cuts growth forecast; CAD much weaker

USDCHF Analysis: Bearish below 0.9890 to 0.9850

GBPUSD: Weakly bullish within wide range from 1.2767 to 1.3000

EURUSD: Bullish above 1.1152

The S&P 500 initially pulled back during the trading session on Wednesday as we awaited the FOMC statement.

The gold markets have been all over the place during the trading session on Wednesday as the FOMC Statement came out as well as the press conference.

The West Texas Intermediate Crude Oil market has fallen quite a bit during the trading session on Wednesday, heading into the FOMC.

Natural gas markets rallied again during the trading session on Wednesday, reaching towards the recent highs that we have seen, near the $2.73 level.

Bitcoin has pulled back a bit during trading on Wednesday in relatively quiet action.

During yesterday's trading session, GBP/USD tried to maintain its bullish trend by returning to the vicinity of the 1.2900 resistance

As we expected from the beginning of this week that the EUR/USD price action will be in a limited range until the Fed's monetary policy decisions are announced.

Gold prices fell for the third day in a row, and the price of an ounce of gold reached the $1483 support, amid continued optimism over the US-China trade deal.

USD/JPY rally attempts stopped at the 109.06 resistance, pending US economic growth figures and the announcement of Federal Reserve decisions.