Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair continued dropping after the relatively hawkish Federal Reserve minutes published on Wednesday.

The Australian dollar made a strong bearish breakout after the hawkish FOMC minutes.

Despite the decline in the US dollar against other currencies since the release of below-expected US inflation figures, the overall trend for USD/JPY remains bullish.

According to recent trading, the price of the pound sterling against the US dollar (GBP/USD) fluctuates near the 1.27 resistance despite the US Federal Reserve’s hawkish comments.

For four consecutive trading sessions, the EUR/USD has been under selling pressure, pushing it towards the 1.0835 level and settling around the 1.0860 level at the time of writing.

Gold and silver futures continued their record gains this week, supported by expectations of Federal Reserve policy and strong investor and retail demand.

The British pound has been somewhat noisy during the trading session, as we initially dropped to, only to turn around and show signs of life again.

The New Zealand Dollar gained earlier today on a more hawkish RBNZ, but the Kiwi has since given up much of its earlier gains.

The US dollar continues to be somewhat noisy in general and against certain currencies like their Norwegian krone.

USD/RUB falls below 89.00, reverses to 90.16 after Yellen's warning.

The US dollar has exploded to the upside against the Canadian dollar on Tuesday, as we are now well above the 50 day EMA.

Most financial institutions were not surprised this morning by the Reserve Bank of New Zealand’s decision to keep their Official Cash Rate in place.

The Dax initially pulled back a bit during the trading session on Tuesday. As it looks like we continued to threaten the €18,600 level.

Silver has been very noisy during the trading session here on Tuesday. Yet again we continue to see a lot of questions asked about the market in general.

Pound rising on lower-than-expected inflation data.