Forex Daily Forecast, Analysis and Prediction

Bitcoin ETF trading likely to start today.

The silver market exhibited limited activity in the early hours of Wednesday as market participants awaited further clarity.

The Euro exhibited minimal activity during Wednesday's trading session, with market participants awaiting the release of the Consumer Price Index (CPI) and the Producer Price Index (PPI) later in the week.

Crude oil markets are currently ensnared in a period of consolidation, a situation applicable to both types I track.

Bitcoin experienced a slight pullback during Wednesday's trading session.

In the recent trading session, the Australian dollar demonstrated a slight upward momentum, testing a previous resistance zone.

The GBP/USD pair held steady on Thursday morning ahead of the upcoming US Consumer Price Index (CPI) data.

The EUR/USD price was flat on Thursday morning after mixed signals from Europe and as traders waited for the upcoming US inflation numbers.

The AUD/USD price reacted mildly to the encouraging Australia consumer inflation numbers as traders focused on the reading from the United States.

Gold futures are trying to recover after falling to a three-week low before the announcement of US inflation data this week.

The US dollar remains the strongest currency ahead of the release of US inflation figures. As a result, the EUR/USD pair continues to decline, falling to the support level of 1.0910, which is where it is trading around at the time of writing.

The pound sterling has rebounded against the euro and the US dollar ahead of the testimony of the Governor of the Bank of England.

The US dollar has pulled back from its strongest start to a year in more than a decade, as speculators have piled into bets against the currency, convinced that slowing US inflation will allow the Federal Reserve to start cutting US interest rates this year.

The USD/CAD has climbed higher and is within sight of important mid-December resistance, but important inflation data will come from the U.S tomorrow.

The NZD/USD has traded in a rather consolidated price range since Monday, but this will change dramatically tomorrow and until then traders need to prepare.