Forex Daily Forecast, Analysis and Prediction

The USD/JPY has reversed upwards after hitting depths early this week that had not been seen since the first week of June.

Bitcoin (BTC) made news for its meteoric rise and its equally meteoric fall.

Significant Selling near $1.0300.

The EUR/USD currency pair continues to go back and forth without any real direction or conviction one way or the other.

The GBP/USD currency pair continues to chop around as it looks for some type of directionality.

The USD/JPY currency pair initially pulled back Wednesday but found enough buyers underneath to turn this market around.

The NASDAQ 100 Index exploded to the upside, hanging about the 13,250 level.

The S&P 500 Index rallied rather significantly Wednesday as we continue to ignore most fundamental analysis and economic numbers.

Gold markets went back and forth Wednesday as we continue to levitate just below a major supply area.

The BTC/USD currency pair bounced a bit Wednesday to show signs of life, gaining over 2%.

Ethereum markets rallied ever so slightly during the day, gaining 2%.

The AUD/USD currency pair fell a bit Wednesday to break down below the lows of the previous candle, showing that perhaps there is still plenty of downward pressure.

The West Texas Intermediate Crude Oil market initially tried to rally Wednesday but then plunged quite rapidly.

The GBP/USD price remained under pressure during the Asian session as investors waited for the upcoming Bank of England (BoE) decision and US non-farm payrolls (NFP) data.

The BTC/USD price tilted upwards as investors react to the strong rebound of American stocks and the regulatory clarity in the United States.