Forex Daily Forecast, Analysis and Prediction

Consolidated price action has been seen in the GBP/USD since Monday of this week as speculators and financial houses brace for today’s U.S inflation reports.

As of this writing the USD/MXN is close to the 18.96700 level with rather fast price action being displayed.

The BTC/USD has been rather noisy during the trading session on Wednesday as we are sitting right around the $17,500 level.

The USD/CAD has done very little during trading on Wednesday, as we are waiting for the CPI numbers to come out on Thursday.

The exchange rate of the euro currency pair against the US dollar, EUR/USD, is still stable around its highest gains in eight months

The S&P 500 has rallied during training on Wednesday, as we are now threatening to break above the top of the shooting star from a couple of days ago.

The recent stability of the exchange rate of the US dollar against the Japanese yen USD/JPY is generally expected.

The Nifty 50 has gone back and forth during the trading session on Wednesday as we continue to see a lot of noisy behavior.

Since the start of this week's trading, XAU/USD gold prices remained stable around their recent strong gains.

The bullish momentum of the GBP/USD currency pair remains weak.

Gold markets have slowed down a bit during the Wednesday session as we finally have gotten a bit overstretched.

The USD/JPY exchange rate moved sideways on Thursday morning as the market waited for the crucial US inflation data.

The GBP/USD price is hovering near the highest level since December 21st ahead of the important American inflation data.

The EUR/USD price was little changed on Thursday morning as market participants waited for the important US inflation numbers.

This pair is likely to react strongly to any surprises from today’s US CPI data release.