Forex Daily Forecast, Analysis and Prediction

The Hong Kong 50 index has initially tried to rally a bit during the trading session on Wednesday, but gained back gains as we continue to see the market deal with an over bond condition.

The US dollar has rallied slightly against the Swiss franc in the early hours on Wednesday, as we are dancing around the 0.89 region.

The British pound has rallied significantly during the trading session on Wednesday as we continue to see the Japanese yen get hammered.

The AUD/USD pair was trading at the psychological point at 0.6650, where it has been stuck at in the past few days.

Bitcoin price rose to its highest level since May 21st as hopes of a bullish breakout rose.

The EUR/USD exchange rate wavered ahead of the upcoming European Central Bank (ECB) decision and US jobs data. It was trading at 1.0875 on Thursday, a few points below this month’s high of 1.0915.

On Monday of this week the USD/PKR demonstrated a low around the 278.1170 ratio, then on Tuesday and Wednesday suddenly support became durable near 278.1310.

Forex market quiet despite active stock market.

The German DAX rally during the early hours on Wednesday.

The USD/ILS is near the 3.71990 ratio as of this writing and is banging up against important near-term resistance as the 3.72000 appears to be an important threshold.

The British pound has rallied slightly during the early hours on Wednesday.

Silver rallied slightly during the early hours on Wednesday as we continue to see a lot of volatility in this market.

Gold markets rallied a bit during the early hours on Wednesday.

The euro fell significantly during the early hours on Wednesday, reaching down toward the 0.85 GBP level.

GBP/USD reached a 12-week high in recent trading, extending gains to the 1.2817 resistance level before settling around 1.2775 at the time of writing.