Forex Daily Forecast, Analysis and Prediction

Gold prices settled below $2300 an ounce on Wednesday trading, hovering near a four-week low as investors turned cautious ahead of the Federal Reserve's policy decision amid concerns it will keep US interest rates high for an extended period.

Yesterday’s GDP numbers from Canada came in below expectations, which essentially put the Bank of Canada into the same difficult position the U.S Federal Reserve is battling.

Support levels are being challenged today in NZD/USD trading as another drop lower has been exhibited.

The Japanese Yen is now being sold despite its exceptionally strong rise on Monday after suspected Bank of Japan intervention.

Ethereum plunged during the early hours on Tuesday, but at this point in time, the market is likely to continue to see a lot of noise out there as we're hanging around the crucial $3,000 level.

The Hong Kong 50, the benchmark index of the Hong Kong Stock Exchange, has ran into a bit of a brick wall over the last 36 hours in the form of HK$18,000.

The US dollar has been going back and forth during the course of the trading session on Tuesday, but overall, it has been relatively stable.

The S&P 500 fell somewhat significantly during the trading session on Tuesday, to reach down toward the 50-Day EMA indicator.

The British pound has rallied during the trading session on Tuesday to reach toward the 1.15 level above.

The Aussie dollar fell significantly during the course of the trading session on Tuesday.

Bitcoin is bearish like almost all commodities in the current market environment.

The GBP/USD pair dipped sharply amid a broader US dollar rebound.

The EUR/USD exchange rate dived sharply after mixed European and American economic numbers.

The euro has rallied a little bit against the British pound as we have tested a major area of support right around the 0.8525 level.

The Australian dollar suffered a harsh reversal after the relatively weak Australian retail sales and US consumer confidence report.