Forex Daily Forecast, Analysis and Prediction

The AUD/USD continued soaring after signs of falling Australian inflation and after the Federal Reserve decision.

The WTI Crude Oil market experienced a slight retreat during Wednesday's trading session, which could be attributed to a potential overextension in the market.

The euro displayed a mild rally during Wednesday's trading session as market participants eagerly awaited the Federal Reserve's announcement later in the day.

During Wednesday's trading session, the British pound experienced a slight pullback against the Japanese yen, suggesting a potential consolidation phase.

During Wednesday's trading session, the US dollar experienced a slight decline, largely due to market anticipation of the Federal Reserve's upcoming interest rate decision.

During Wednesday's trading session, gold markets experienced a modest rally, driven by market anticipation of the upcoming Federal Reserve statement

During Wednesday's trading session, silver experienced a slight pullback, but it found robust support just below.

During Wednesday's trading session, the S&P 500 experienced a slight pullback as investors awaited clarity on the Federal Reserve's impending decisions later in the day.

During Wednesday's trading session, the Australian dollar made an initial attempt to rally but encountered resistance near the 0.68 level.

The GBP/USD demonstrated resilience during Wednesday's trading session, with market participants closely monitoring the actions of the Federal Reserve.

In the Wednesday trading session, the natural gas market experienced a slight decline but maintained its position above the 50-Day Exponential Moving Average.

The trading of the TRY/USD stabilized during early trading this morning.

It is too early to bet on the euro as the European Central Bank's monetary policy meeting tomorrow, Thursday, is likely to keep the door open for another rate hike in September, according to Fouad Razakzadeh, an analyst at City Index.

For three trading sessions in a row, the price of the USD/JPY currency pair is exposed to profit-taking sales that pushed it towards the support level of 140.60 during today’s session, Wednesday, and its recent gains extended to the resistance level at 141.95.

The US dollar’s gains stopped before announcing the US Federal Reserve’s policy decisions later today, which allowed the gold price to rebound upwards, with gains that affected the $1971 resistance level, which is stable near it at the time of writing the analysis.