Forex Daily Forecast, Analysis and Prediction

The Australian dollar has fallen a bit during the trading session on Wednesday as we continue to see a lot of digestion of massive gains

Gold markets have plunged initially during the trading session on Wednesday as yields in the 10 year note skyrocketed.

The pair is still a buy from the 1.3617 level.

The EUR/USD struggled after the Federal Reserve Open Market Committee (FOMC) delivered its first interest rate decision of the year.

Bitcoin price bounced back in the overnight session after it dropped below the $30,000 mark yesterday.

Lack of a strong trend creates speculative territory.

Bearish speculators may want to forget January.

Significant gains have been achieved...what comes next?

The NASDAQ 100 has been grinding higher for a while, and the index shows no signs of slowing down.

Gold markets have been somewhat quiet during the month of January, as we have continued the slow decline since the market tried to break above the 2100 level earlier this year.

The S&P 500 has been bullish over the last month or so, although it has played second fiddle to the NASDAQ 100.

The euro has been bullish against the US dollar over the last couple of months, but the month of January left a lot to be desired.

The British pound has been quietly positive during most of January, but at this point we are on the verge of a breakout.

The DAX Index has traversed a fairly middling range the past few days of trading, and speculators with short-term perceptions need to remain focused on technical charts.

It is time for a rethink of the USD/BRL for speculators.