Forex Daily Forecast, Analysis and Prediction

The market looks as if it is struggling to find direction, and it must be noted that the action during the session was noisy to say the least.

The NASDAQ 100 rallied a bit on Tuesday to reach towards the 50-day EMA again.

The West Texas Intermediate Crude Oil market had a very noisy trading session Tuesday as we reached below to test the 50-day EMA.

The EUR/USD pair erased some of the gains made on Tuesday after the relatively strong American housing numbers and as traders waited for the Federal Reserve decision.

The AUD/USD resumed its bearish move in the overnight session as Tuesday’s rally faded.

DOGE/USD is traversing slightly above 21 cents as of this morning, but has seen another wave of nervous sentiment create an incremental bearish trend.

Political infighting among the ruling party in Argentina and terrible economic policy has helped the USD/ARS establish new highs.

As of this writing Gold is near important support as it traverses slightly above the 1760.00 level with rather fast trading conditions prevailing.

The USD/PKR remains within the boundaries of its record highs and this is unlikely to change anytime soon.

The AUD/USD pair retreated to the lowest level since August 27th as the market reflected on the falling commodity prices.

The BTC/USD slumped to the lowest level since early August as volatility rose.

The GBP/USD sell-off accelerated in the overnight session as global tensions about Evergrande coupled with higher gas prices rose.

The EUR/USD pair crawled back in the overnight session as focus remained on the Federal Reserve.

The gold markets initially fell through the $1750 level before turning around, but the market is likely to continue to see a lot of noisy behavior.

The Australian dollar has fallen a bit during the course on Monday, as there are a lot of concerns out there when it comes to the Chinese credit situation.