Forex Daily Forecast, Analysis and Prediction

Early in Wednesday's trading session, the US dollar has been rather quiet compared to the Japanese Yen.

The demand for crude oil on the market is still strong since traders are always ready to buy when prices fall.

The Australian dollar still having trouble breaking above both the 200-Day EMA and the 50-Day EMA during the Wednesday session.

The GBP/USD drifted upwards after the latest Federal Reserve minutes showed that officials expressed caution on the interest rate cuts outlook.

The EUR/USD exchange rate reacted mildly to the first Fed minutes of the year.

The AUD/USD pair was flat on Thursday as some analysts made the case for the Australian dollar.

Short-term momentum is bullish.

For four consecutive trading sessions, GBP/USD has been trying to rebound.

The USD/RUB is trading near the 92.4400 ratio as of this writing.

Since the start of this week's trading, the price of EUR/USD has been trying to rebound upward.

The price of gold is pushed higher.

The overall outlook for the performance of the USD/JPY pair remains bullish.

The USD/ILS is trading near the 3.69340 ratio as of this morning with swift upwards trading having been demonstrated the past day and a half.

During Tuesday's trading session, the Australian dollar slightly declined at first, but it later recovered and began to show signs of strength.

As it appears that we are attempting to move a little bit higher in order to hit the 50-day EMA, we are challenging the 200-day EMA early on Tuesday.