Forex Daily Forecast, Analysis and Prediction

The USD/TRY stabilized, trading near new all-time highs.

The GBP/USD has produced choppy, almost whipsaw-like results the past week of trading as the currency pair lingers near crucial price realms early today.

The price range for BTC/USD this week has been rather bumpy, but after testing important support depths on Monday, Bitcoin has produced upwards movement.

Throughout this week's trading, the price of an ounce of gold is subjected to selling operations that pushed it towards the $1914 support level, the closest to testing the $1900 psychological support, which confirms the bears' control over the trend.

For four trading sessions in a row, the bulls moved the US dollar against the Japanese yen, USD/JPY, to the upside.

In the middle of trading this week, the British pound came under pressure amid a bout of dominance between the dollar and the euro ahead of the release of US inflation data on Thursday.

The price of the EUR/USD currency pair is still moving in a narrow range, stable around 1.0975 at the time of writing.

On the Wednesday session, the USD/JPY demonstrated its mettle by surging past the ¥142.50 benchmark, edging closer to ¥143.50.

The S&P 500 index encountered a dip during the early hours of Wednesday's trading session, momentarily diverging from its initial attempt to rally and challenge the resistance barrier just below the 4500 mark.

Bulls just cannot get the upper hand, and probably will not any time soon.

The GBP/USD pair was flat as investors waited for the important consumer inflation data from the United States.

The EUR/USD exchange rate was flat on Thursday as traders wait for the upcoming US consumer price index (CPI) data.

The Australian dollar continued falling ahead of the latest US inflation data.

Silver's recent price action has been marked by its characteristic volatility, as Wednesday's trading session saw an initial attempt at a rally followed by a retracement of gains.

Will we break down below the 14,600 level?