Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 rallied a bit during the trading session on Wednesday as we continue to see yields in America drop.

AUD weakly bullish but moving in wide swings with deep retracements.

The GBP/USD price tilted lower ahead of the upcoming Bank of England (BOE) decision and after the relatively weak ADP jobs data.

The BTC/USD is in a tight range as investors wait for the upcoming US non-farm payroll (NFP) data and as attacks of Bitcoin SV rises.

The 1.1900 area has sparked a selloff again.

Gold markets rallied significantly during most of the trading session on Wednesday, reaching towards the $1830 level.

The Australian dollar has been back and forth during most of the trading session on Wednesday as we continue to see the 0.74 as an area of resistance.

The West Texas Intermediate Crude Oil market fell a bit during the trading session on Wednesday again as there are a lot of concerns about growth.

The British pound rallied initially during the trading session on Wednesday but gave back the gains as the market has shown itself to be susceptible to a few words from Federal Reserve Vice Chair Richard Clarida.

The euro rolled over during the trading session on Wednesday as Federal Reserve Vice Chair Richard Clarida was more hawkish than anticipated.

Since the start of this week's trading, the price of the euro against the dollar EUR/USD has been moving in a narrow range between the support level of 1.1853 and the resistance level of 1.1897.

The bears completed the last downside path of the USD/JPY currency pair, as they succeeded in breaching the important support level 108.88.

Gold prices returned to stability around the $1808 support level for an ounce, in waiting mode until investors interact this week with the announcement of monetary policy decisions by the Bank of England.

The performance of the pound sterling against the rest of the other major currencies will depend first on the reaction of the monetary policy decisions of the Bank of England, which will be tomorrow.

The USD/CAD created short-term highs yesterday, but a reversal lower this morning highlights the rather choppy conditions the Forex pair has demonstrated the past week.