Forex Daily Forecast, Analysis and Prediction

The price is more bullish above 0.7063.

The GBP/USD pair declined sharply as odds of a more aggressive Federal Reserve continued.

The BTC/USD price crashed to the year-to-date low as investors remained concerned about the rising inflation, interest rates, and recession chances.

The EUR/USD pair dropped sharply as investors reacted to the hawkish interest rate decision by the European Central Bank (ECB) and the strong US inflation data.

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The GBP/USD pair initially tried to rally during the training session on Thursday but get back gain as we continue to see a lot of negativity.

Polygon has rallied a bit during the trading session on Thursday, as we continue to hang around the $0.60 region.

Cardano has done very little during the trading session on Thursday as we continue to see a general malaise in the crypto markets.

The S&P 500 has initially tried to rally a bit but get back gain as we are starting to focus on the CPI numbers coming out on Friday.

The Euro has broken down significantly on Thursday as we have broken through the bottom of the rising wedge, showing signs of exhaustion.

The gold markets initially fell during the trading session on Thursday but then turned around to show signs of life at the bottom of the consolidation area.

Bitcoin initially tried to rally on Thursday but gave up what minuscule gains it happened to come up with.

The Nikkei 225 had spiked initially during the trading session on Thursday but gave back the gains at the ¥28,400 level to form a massive shooting star.