Forex Daily Forecast, Analysis and Prediction

Gold has been on an impressive rally, with Wednesday's trading session witnessing the precious metal breaking above the $1950 level.

Can gold prices test $2,000 per ounce before the month ends?

During the Wednesday session, the euro showed signs of initial strength but subsequently retraced, reflecting the prevailing downward pressure in the market.

The USD/JPY demonstrated its strength against the Japanese yen in recent trading, revealing a potential upward trajectory despite initial weakness.

With just a few seven points, the price of the USD/JPY currency pair stabilizes near the psychological resistance of 150.00 since yesterday.

The NASDAQ 100 fell during the trading session on Wednesday, falling into the 50-day EMA.

Crude oil markets exhibited a mixed picture during Wednesday's trading session, prompting questions about the sustainability of their recent momentum.

The GBP/USD found itself in a state of fluctuation during Wednesday's trading session, characterized by choppy behavior and a test of a bearish flag's uptrend line on the chart.

In the last 24 hours, the AUD/USD has displayed some resilience, edging towards the critical 0.64 level.

Support level at $0.6278 looks likely to be pivotal today.

The GBP/USD consolidation continued even as US bond yields and mortgage rates soared to the highest level in years.

The bond market turmoil resumed on Wednesday as energy prices jumped.

Bitcoin price outperformed stocks on Wednesday as macro risks continued rising.

The Turkish lira expanded its losses against the US dollar during early trading on Wednesday morning, as the dollar-lira pair recorded new record levels after exceeding the correct figure of 28 liras per dollar yesterday.

The NZD/USD has moved lower since last Thursday and is battling along important support levels as global financial conditions continue to produce rather nervous trading results.