Forex Daily Forecast, Analysis and Prediction

During yesterday's trading session, the gold price rose to a new historical record high of $2365 per ounce.

The US dollar continues to grind back and forth in general against the Japanese yen as we continue to pressure the 152 yen level.

The US dollar has fallen rather significantly against the South African Rand during the trading session on Tuesday.

The DAX fell during early trading on Tuesday, as we continue to see a little bit of a pullback in Germany.

The US dollar initially tried to rally a bit during the early hours on Tuesday only to collapse a bit against the Canadian dollar.

Crude oil markets have been rather quiet during the Tuesday trading session.

The British pound initially pulled back just a bit during the trading session on Tuesday, only to turn around and show signs of life again.

The S&P 500 was rather quiet during the trading session on Tuesday as we wait for the Consumer Price Index figures.

The GBP/USD exchange rate was flat on Wednesday morning as traders waited for the March inflation report.

Bitcoin initially pulled back just a bit during the trading session on Tuesday but did find a bit of buying pressure underneath.

The EUR/USD wavered on Wednesday morning ahead of the upcoming US CPI and Fed minutes.

You can see that we did pull back just a bit during the early hours on Tuesday, but it looks like Wall Street is trying to power higher.

Supported by short-term ascending trend line.

The AUD/USD pair continued rising as commodity prices bounced back.

Gold rallied a bit during the trading session on Tuesday as it looks like we are going to continue to try to take off to the upside.