Forex Daily Forecast, Analysis and Prediction

The British pound has initially pulled back during the trading session on Wednesday but turned around to form a bit of a support of candle.

The Australian dollar has gone back and forth during the trading session on Wednesday, as we continue to dance around the 50 day EMA.

The West Texas Intermediate Crude Oil markets have continued to find buyers on short-term dips, as the market participants look for value.

The natural gas markets initially tried to rally during the trading session on Wednesday but have given back the gains to reach down towards the crucial 200 day EMA as a huge oversupply of natural gas continues to be a major issue.

Gold markets rallied a bit during the trading session on Wednesday, as the $1450 level seems to have offered a bit of a floor.

Bitcoin has gone back and forth during the trading session on Wednesday, showing signs of lackluster trading.

For the second day in a row, the price of the GBP/USD is trying to compensate for recent losses, which extended to the 1.2768 support level recorded during last Friday's session,

Despite the improvement in investor sentiment towards the largest economy in the Eurozone, the EUR/USD continued its decline

The downward correction pressure of gold pushed it towards the $1446 support level, the lowest in three months

USD/JPY is trying to keep moving around and above 109.00 resistance to ensure the continuation of the bullish correction

No-deal Brexit fears have eased after Nigel Farage announced that his Brexit Party will not contest any of the 317 seats the Conservative Party won in the last election

Better-than-expected economic data out of Germany and the Eurozone that was printed yesterday allowed the EUR/CAD to pause its sell-off.

Uncertainty over the phase one trade truce between the US and China is growing as markets await more details.

Australian consumer confidence rebounded and the wage price index showed solid growth which helped stabilize the AUD/CHF inside of its short-term support zone.

NZDUSD: More Bullish after RBNZ maintains rate