Forex Daily Forecast, Analysis and Prediction

EURUSD: Euro stronger but within long-term range

The Australian dollar initially fell during the trading session on Wednesday, reaching towards the 0.69 level underneath.

Bitcoin markets initially tried to rally during the trading session on Wednesday but then turned around to fall pretty significantly.

The crude oil markets had a positive session on Wednesday, breaking above the psychologically important $60 handle.

The S&P 500 initially tried to pull back during the trading session on Wednesday but gained quite a bit of pressure to the upside after the opening statement from the Humphrey Hawkins testimony was released.

Natural gas markets ran into significant resistance later in the day on Wednesday, as the $2.50 level has caused selling pressure.

The NASDAQ 100 initially pulled back a bit during the Wednesday trading session, testing the 7800 level.

Gold markets rallied significantly during the trading session on Wednesday after initially trying to fall.

The FX market will watch today, and cautiously, any new signals from the US Federal Reserve about the future of its monetary policy.

An important day for the performance of GBP/USD, which is facing losses and has steadily pushed towards the 1.2440 support level, the lowest level in six months.

The price of a gold ounce is cautiously awaiting the monetary policy updates of the US Central Bank today, stabilizing around the $1396 resistance, with losses during yesterday's session reaching $1385 an ounce

For the fourth day in a row, the USD / JPY pair moved up towards the 108.98 resistance level the time of writing, the highest level in one month.

NZDUSD: Strong bullish rejection of 0.6590

AUDUSD: Bullish reversal from 0.6900?

USDJPY: Bullish above 108.63