Forex Daily Forecast, Analysis and Prediction

The Australian dollar has been trying to make gains in the forex market, but it has faced some challenges along the way.

The NASDAQ 100 Index experienced a dip during the early hours of Wednesday before making a comeback, finding significant support at the 13,100 level.

The S&P 500 experienced a slight dip during the trading session on Wednesday, exhibiting a lot of fluctuation in the market.

Silver prices have been oscillating during the trading session on Wednesday, hitting the $25 per ounce mark.

Natural gas markets have experienced a slight rally, but the $2.00 level continues to be a significant psychological and structural level of importance.

The West Texas Intermediate Crude Oil market appears to be stuck in a consolidation phase, with very little movement during the Wednesday trading session.

Gold markets experienced a rally during Wednesday’s trading session, showing signs of a potential impulsive move.

The GBP/USD pair pulled back slightly after the relatively weak economic data from the United States.

The EUR/USD pair rebound took a breather during the American session after a hawkish statement by Loretta Mester.

The BTC/USD pair remained in a tight range this week as concerns about the next actions by the Federal Reserve.

The Australian dollar remained under pressure after more signs of a Fed and Reserve Bank of Australia (RBA) divergence emerged.

The price of the TRY/USD declined against the US dollar during early trading this morning, as the dollar pair against the lira recorded new highs.

For two days in a row, the price of the USD/JPY currency pair is exposed amid profit-taking sales, with losses affecting the support level 131.52, and settling around the level of 131.70 at the time of writing the analysis.

The GBP/USD rose to a 10-month high against the dollar on April 4, as the British currency gained a strong start to 2023.

EUR/USD has set itself on track for a sixth week of gains to open the new month.