Forex Daily Forecast, Analysis and Prediction

The British pound fluctuated during the trading session on Wednesday as we continue to look at the 1.38 level as somewhat important.

The United Arab Emirates seems to be much more interested in opening the spigots in order to flood the market with supply and take advantage of massive demand while it is still around.

During the trading session on Wednesday, we saw the S&P 500 strengthen again to make an all-time high.

The NASDAQ 100 initially rallied during the trading session on Wednesday as the world awaited the FOMC Meeting Minutes.

The price continues falling with a long-term downwards trend.

This is a market that clearly showed a proclivity to continue the uptrend during the day.

The Parisian CAC 40 rallied ever so slightly during the trading session on Wednesday, as we hang about above the 6500 level.

The gold markets reached towards the 200-day EMA again on Wednesday, as the US dollar took a hit after the FOMC Meeting Minutes were released.

The Australian dollar fluctuated during the trading session on Wednesday to hover right around the 0.75 handle.

The Bitcoin market rallied ever so slightly during the trading session on Wednesday as we continue to grind back and forth just below the $35,000 level.

The GBP/USD pair declined in the overnight session after the relatively hawkish FOMC minutes.

The BTC/USD is in a tight range as investors ponder the next key moves.

Prior to the minutes of the last meeting of the US Federal Reserve, the bearish pressure for the EUR/USD currency pair continues with losses to the support level 1.1806 before settling around the 1.1821 level at the time of writing the analysis.

The price of the GBP/USD currency pair did not gain much beyond 1.3898 despite the British government's announcement that it will abandon all coronavirus restrictions.

For the fourth day in a row, the USD/JPY currency pair is exposed to profit-taking operations, but has not yet escaped from its ascending channel.