Forex Daily Forecast, Analysis and Prediction

BTC/USD is trading within the lower values of its one-week price range following a rather vicious week and a half of speculation.

Price close to new 3-month low.

The crude oil markets displayed a slightly negative disposition during Wednesday's trading session, indicating a slowing of momentum in the ongoing rally.

The US dollar recently gained ground during a trading session on Wednesday, drawing attention to the USD/JPY pair.

The GBP/USD experienced some choppiness during Wednesday's trading session, notably struggling to stabilize above its 200-day Exponential Moving Average - a crucial indicator that market participants often use to gauge the broader trend.

The GBP/JPY saw a modest pullback during Wednesday's trading session, hinting at an ongoing consolidation phase.

The AUD/USD has demonstrated a rollercoaster-like behavior during this week's trading session, notably with an undulating value that seems to be clinging onto the 0.64 zone.

The British pound continued its relentless sell-off as crude oil prices rose and after a dovish statement by Andrew Bailey.

The BTC/USD pair was flat on Wednesday as a risk-off sentiment prevailed in the market.

The AUD/USD pair continued its downward trend as inflation jitters rose and as investors embraced a risk-off sentiment.

In a noteworthy development, the US dollar exhibited a robust rally against the Japanese yen during Tuesday's trading session.

The vagueness of the expectations regarding the decisions of the European Central Bank next week increased the downward pressure on the euro

The continuation of the strength of the US dollar since the reaction to the recent US jobs figures supported the bear's control over the direction of the GBP/USD currency pair.

Gold futures decreased as the shortened trading week began due to the American holiday and decreased towards the level of $1950 per ounce.

The US dollar resumed its upward march, benefiting from interest rate differentials and safe haven flows.