Forex Daily Forecast, Analysis and Prediction

The Bitcoin market has done nothing again during the trading session on Wednesday, which is very interesting considering that the Federal Reserve cut interest rates by 25 bps

The S&P 500 fell during the trading session on Wednesday as the Federal Reserve had cut interest rates.

The US dollar has rallied again during the trading session on Wednesday, as the Federal Reserve was a little less dovish than people had anticipated.

The Australian dollar has fallen during the trading session after the FOMC statement, and of course interest rate cut.

The Euro fell a bit during the trading session on Wednesday, reaching down towards the bottom of the overall consolidation that we have been in for or some time.

Natural gas markets have gone back and forth during the last couple of days, as we have shown signs of filling the gap from the beginning of the week.

The US dollar has been strengthening during the trading session on Wednesday, as we have seen a fight to the US dollar after the Federal Reserve was not quite as dovish as a lot of people had expected.

The West Texas Intermediate Crude Oil market dropped a bit during the trading session on Wednesday, as we continue to see a lot of noise.

Bitcoin has been under bearish influence since it recorded its intra-day high of $13,821.00 from where a series of sell-off and price spikes followed; each creating a lower high.

USDCAD: Weakly bullish within long-term range

Following a sharp rally in the GBP/USD which was sparked after UK Parliament took a no deal Brexit off the table for now, price action has started a sideways trend inside of its resistance zone.

Gold markets fell initially during the trading session on Wednesday as the Federal Reserve cut rates and sounded a little bit more less dovish than people had hoped.

USDCHF Analysis: Gently bullish

GBPUSD: Bulls still challenging key 1.2500 area

EURUSD: Choppy consolidation above 1.1000 area continues