Forex Daily Forecast, Analysis and Prediction

The Natural Gas market experienced a decline as the Wednesday trading session commenced, with prices hovering around the 50-Day Exponential Moving Average.

The Gold market experienced a slight dip during Wednesday's trading session, only to rebound, showcasing signs of vitality once again.

The GBP/JPY displayed commendable resilience during the recent trading session, following its initial dip against the Japanese yen.

The EUR/USD faced a decline on Wednesday as bearish pressures continued to weigh heavily on this currency pair.

Resistance nearby at $37,179 may slow further upwards movement.

The Australian dollar continued its sell-off during the US and Australian sessions.

The EUR/USD pair bounced back in the American session even after the relatively weak European economic data.

The GBP/USD exchange rate dropped for three straight days as the price of crude oil dipped and after a relatively hawkish statement by the Bank of England (BoE) governor.

The price of gold was exposed to selling operations that pushed it towards the support of $1,956 per ounce before settling around the level of $1,970.

The price of the USD/JPY currency pair has rebounded higher for the third consecutive day.

As we predicted, the GBP/USD pair sold off after its recent gains, which reached the resistance level of 1.2428, its highest level in nearly two months.

For the second day in a row, the price of the EUR/USD pair gave up the recent gains of the upward rebound, following weaker than expected US jobs numbers.

The price of the Turkish Lira stabilized against the US dollar near its lowest level ever during early trading on Wednesday morning.

The USD/JPY continues to exhibit an ability to achieve higher values and sustain momentum upwards, this as the Bank of Japan rattles the threat of intervention.

Having gained ground since the 1st of November the NZD/USD is within the higher elements of its one month range, but nervous sentiment remains abundant even for bullish traders.