Forex Daily Forecast, Analysis and Prediction

The S&P 500 sat around during the trading session on Wednesday as we waited for the Federal Reserve to come out with its interest rate decision.

The British pound has gone back and forth during the trading session on Wednesday as we are waiting for the FOMC statement.

The Euro is trying to break out against the US dollar as we wait for the FOMC announcement and of course the press conference that comes afterwards.

The Hong Kong Hang Seng initially dropped just a bit during the session on Wednesday but continues to see buyers on did says it looks like the China reopening trade is starting to truly take hold.

Ethereum has done very little during the trading session on Wednesday, as we continue to see this market go sideways overall.

The Dow Jones 30, or the Dow Jones Industrial average, has fallen hard during the trading session on Wednesday as we waited for the FOMC statement and of course the press conference afterward.

The Australian Dollar is powering to new highs, boosted by the risk-on reaction to yesterday’s policy release from the US Federal Reserve.

The BTC/USD market has recently rallied quite nicely during the past couple of weeks, but now that we are consolidating.

As of this writing the USD/SGD is trading slightly below the 1.30500 level.

The USD/JPY is trading slightly below the 128.600 level as of this writing.

The GBP/USD price rose to 1.2400after the Fed delivered a 0.25% rate hike on Wednesday.

The EUR/USD price successfully made a strong bullish breakout after the Federal Reserve downshifted for the second straight meeting.

Bitcoin price was a bit flat on Thursday morning as the market pondered the latest action by the Federal Reserve.

Ahead of today’s Fed and ECB decisions, the EUR/USD currency pair is exposed to selling operations with losses towards the 1.0801 support level before settling around the 1.0865 level

XAU/USD gold futures rebounded after early weakness as the price of gold fell to $1,900 per ounce before prices stabilized around $1,928 per ounce as the US dollar lost ground.