Forex Daily Forecast, Analysis and Prediction

The performance of the pound against major currencies will interact with the announcement of the Bank of England announcement of its monetary policy

Stronger gains for the US dollar after the Federal Reserve announced its monetary policy supported stronger losses of gold, pushing it to $1404 support level an ounce

The US Federal Reserve, as expected, announced cutting US interest rates for the first time in 10 years by a quarter point,

NZDUSD: Psychological level at 0.6500 not far below

AUDUSD: Long-term low at 0.6827?

USDJPY: Bullish breakout to new 2-month high price

The Euro broke down below the 1.11 level during the trading session on Wednesday, after the Federal Reserve had cut interest rates by 25 basis points but did not sound like they were ready to continue cutting in a long sequence of moves.

Bitcoin markets rallied during the trading session on Wednesday, showing signs of support at the uptrend line just below.

The NASDAQ 100 fell rather hard during the trading session on Wednesday, slicing through the 7900 level.

The WTI Crude Oil market originally shot higher during the trading session on Wednesday but found enough trouble at the 200 day EMA to roll over and show signs of weakness yet again.

The S&P 500 got hammered during the trading session on Wednesday after the Federal Reserve interest rate cut, and more importantly the statement.

Bitcoin: $10,204 the pivotal point

USDCAD: Bullish breakout beyond 1.3200

USDCHF Analysis: Bullish breakout above 0.9950

GBPUSD: Very bearish, another new 2-year low