Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market initially shot higher during the trading session, then pulled back.

Gold is turning its short-term resistance zone back into support following a reversal from a previous breakdown.

Brexit negotiations are ongoing and forex traders have to sort through conflicting reports.

Volatility in the EUR/CHF increased as price action initially pushed above its short-term resistance zone and advanced into its ascending 61.8 Fibonacci Retracement Fan Resistance Level.

USDCAD: Bullish consolidation between 1.3289 and 1.3345

USDCHF Analysis: Area at 0.9900 is likely to be today’s pivotal point

GBPUSD: Bearish below 1.2200

EURUSD: Weakly bullish above 1.0965

Conflicting reports were released over the past few hours in regards to the US-China trade talks.

Natural gas markets initially tried to rally during the trading session on Wednesday, but then fell into the support level underneath

The NASDAQ 100 has rallied a bit during the trading session on Wednesday as we await the US/China trade talks.

The S&P 500 has rallied a bit during the trading session on Wednesday, as we continue to see a lot of jockeying back and forth.

Safe haven currencies tend to outperform peers during risk-off trading sessions and as uncertainty surrounding fundamental events is elevated.

A slowing Eurozone versus Brexit uncertainty is the fundamental driver behind the EUR/GBP.

With prospects of a trade deal this week eradicated as a result of US actions against China