Forex Daily Forecast, Analysis and Prediction

On Wednesday's trading session, the British pound attempted to rally against the Japanese yen.

The euro has been struggling to gain momentum and rally in the markets, facing a lot of resistance just above the 1.10 level.

The USD/CAD is trading near the 1.34360 ratio as of this writing, the currency pair has turned lower since the publication of the U.S CPI numbers which came in weaker than expected.

The GBP/USD pair jumped above a key resistance level after the Fed minutes and the latest American consumer inflation data.

The EUR/USD rallied to the highest point since February after the US published March’s inflation numbers.

The BTC/USD price remained above the important resistance point at $30,000 after the encouraging American inflation data.

The AUD/USD pair rose slightly after the impressive Australian jobs numbers and encouraging US inflation data.

The West Texas Intermediate Crude Oil market has rallied in recent trading sessions, although there is still a lot of noise just above the 200-Day EMA.

The USD/JPY initially tried to rally in recent trading sessions but has struggled to maintain gains above the 200-Day EMA.

The AUD/USD has shown signs of life in recent trading sessions, rallying around the 0.67 level.

Natural gas markets have been quite volatile over the past few weeks, with prices hovering near the $2.00 level.

Gold prices have been volatile in recent trading sessions, with prices initially shooting higher on Wednesday but later giving up some of those gains.

Cautious buying has been demonstrated within the USD/SGD for a handful of days leading up to the U.S Consumer Price Index results.

The USD/INR currency pair has been rather calm the past twenty-four hours and been mostly within a range of 81.9800 and 82.1350.

The Australian dollar has been subject to some volatility in recent trading sessions, as it struggles to overcome the overhead pressure that it is facing.