Forex Daily Forecast, Analysis and Prediction

Attempts to bounce the USD / JPY pair around the 108.36 resistance level a month and a half ago have been put on hold for awaiting the announcement of Federal Reserve monetary policy decisions and important remarks by Governor Jerome Powell.

NZDUSD: Weakly bearish ahead of FOMC

AUDUSD: Weakly bearish below 0.6830

USDJPY: Strong resistance from 108.43 to 109.00 holds

The US dollar went back and forth during the trading session on Tuesday, as we are hanging about the ¥108 level.

The Euro rallied a bit during the trading session on Tuesday, reaching towards the shooting star from a couple of days ago.

The Australian dollar is likely to find a lot of noise during the trading session on Wednesday as traders come to grips with whatever decision the Federal Reserve makes.

The British pound initially fell during the trading session on Tuesday, but then rallied towards the 1.25 handle.

The West Texas Intermediate Crude Oil market has fallen significantly during the trading session on Tuesday as it was reported that the production may come back online within just a few weeks

The Gold markets are very likely to be extraordinarily noisy during the trading session on Wednesday, as the Federal Reserve comes out with an interest rate decision.

Natural gas markets fell a bit during the trading session on Tuesday, trying to fill the gap yet again.

The NASDAQ 100 is likely to be very noisy during the trading session on Wednesday, but it does look like traders are setting up for a buying opportunity based upon the Federal Reserve being ultra-loose with monetary policy.

Bitcoin markets have done very little over the last several days, simply following the 50 day EMA.

The S&P 500 is likely to bounce around during the Federal Reserve interest rate announcement on Wedsday, which will determine where we go next.

Bitcoin: Resistance confluence at $10,440 looks strong