Forex Daily Forecast, Analysis and Prediction

The USD/PKR has hit a higher price level in the past handful of days.

Silver markets have had a very rough couple of sessions.

Gold markets rallied significantly during the early hours on Wednesday, as we have recaptured the $2300 level.

The Aussie dollar rallied slightly during the early hours on Wednesday, as we continue to see a lot of noisy behavior.

The British pound has gone back and forth during the trading session on Wednesday.

The NASDAQ 100 has gone back and forth during the early hours on Wednesday, as we wait for the crucial FOMC meeting and results.

The EUR/USD exchange rate drifted upwards after the Federal Reserve decision, US private payrolls, JOLTs job openings, and manufacturing numbers.

Bitcoin made a strong bearish breakout as it moved below the crucial support level at $60,000.

The Australian dollar rebounded after the relatively dovish Federal Reserve interest rate decision.

The US dollar has initially dipped against the Canadian dollar during trading on Wednesday, which makes a certain amount of sense, considering that we had shot straight up in the air during the day on Tuesday.

Support below $1.2450 area seems to be holding.

The S&P 500 has been a little bit negative early in the session on Wednesday, which makes a certain amount of sense considering that the FOMC meeting is later in the day.

The dollar resumed its advance ahead of the Federal Reserve statement later today after early week losses that had pushed GBP/USD to resistance at 1.2570 and back into its broader bearish channel to support at 1.2467 at the time of writing.

According to yesterday's trading, the Japanese yen failed to maintain its upward rebound against the US dollar and trimmed some of its sharp gains at the beginning of the trading week.

The EUR/USD price quickly gave up its gains yesterday, which reached the resistance level of 1.0735.