Forex Daily Forecast, Analysis and Prediction

The USD/JPY rallied slightly during the trading session on Wednesday as we continue to attempt to build a base against the Japanese yen.

The USD/CHF bounced a bit during the trading session on Wednesday, as we continue to see a significant amount of support against the Swiss franc at roughly 0.92 CHF.

The AUD/USD has been rather stubborn over the last couple of days, not willing to pull back from the top of a well-defined channel.

The EUR/USD has been rather resilient over the last several sessions, and although we have not had a major breakout yet, it certainly looks as if the market is “leaning” toward the upside.

The GBP/USD has been relatively quiet for the most part over the last couple of months, as we are hanging around and trying to figure out what the next big move is.

XAU/USD (gold) futures struggled to maintain their highest levels in eight months as a stronger US dollar and higher US Treasury yields weighed on the precious metal's gains.

Since the beginning of this week’s trading, amid cautious anticipation of the markets until the announcement of US inflation figures tomorrow, Thursday.

According to the recent performance, the price of the GBP/USD currency pair is still looking for a strong stimulus to complete the recent upward retracement, which affected the 1.2210 resistance level.

According to recent trading, the exchange rate of the euro against the dollar (EUR/USD) rose to its highest level since June 2022.

The Dow Jones Industrial Average rose again in its recent trading on intraday levels, to achieve gains in its last sessions by 0.56%.

The US dollar has rallied a bit during the relatively quiet trading session on Tuesday.

The US dollar has rallied a bit during the trading session on Tuesday, as we continue to see a lot of noise in this market.

Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Wednesday, achieving slight daily gains until the moment of writing this report, by 2.12%.

The Aussie dollar has pulled back a bit during the trading session on Tuesday, as we have reached the top of a significant channel.

The Euro has rallied ever so slightly on Tuesday to show signs of life again as it looks like we are trying to do everything we can to break above 1.0750.