Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 rallied rather significantly during trading on Tuesday, as Wall Street ignores the Federal Reserve.

The USD/JPY pair displayed signs of a modest rally during Tuesday's trading session, navigating through the persistent turbulence that has become characteristic of recent market behavior.

The trading landscape experienced a stark downturn on Tuesday, as American interest rates surged once again.

The GBP/USD pair retreated on Tuesday and on Wednesday morning as the recent dollar sell-off took a breather.

Bitcoin price was flat on Wednesday even as the US dollar index (DXY) bounced back.

The AUD/USD exchange rate retreated sharply after the latest Reserve Bank of Australia (RBA) interest rate decision.

Level at $1.0668 looks pivotal.

The price of the Turkish Lira declined against the US dollar during early trading on Tuesday morning, as the pair recorded new lows.

The USD/ZAR has sustained its lower momentum and its bearish near-term trend has put it within eyesight of important support levels.

Trading conditions in the USD/SGD have produced rapid price velocity the past two weeks as the currency pair is being pressured by financial institutions as they seek value equilibrium.

The Crude oil markets embarked on a seesaw journey on Monday, with the focal point of attention squarely on the 200-Day EMA, a crucial technical gauge.

After three consecutive trading sessions, the USD/JPY was subjected to strong selling pressure with losses extending to the support level of 149.18.

Despite the strong positive performance at the beginning of the week, the GBP/USD bounced back down with losses that extended to 1.2343.

The gold market has displayed a certain ambivalence over the past few weeks, with fluctuations keeping traders on their toes.

The XAU/USD was subjected to selling pressure, stabilizing around the support level of $1,977 per ounce at the time of writing the analysis.