Forex Daily Forecast, Analysis and Prediction

The Japanese yen witnessed further weakness against its counterpart, the US dollar, falling to its lowest level in over three decades.

Gold prices pared losses after weaker-than-expected US business activity data helped bolster the case for Fed rate cuts this year.

According to recent trading activity, GBP/USD has been on the rise, easing some recent selling pressure.

After gains this week, the EUR/USD exchange rate is expected to be better protected against further weakness.

The heights in value now being traded in the USD/JPY are touching levels not seen since May of 1990.

USD/PKR value as of this morning is fractionally higher than yesterday’s apex values

The US dollar rallied significantly during the early hours on Wednesday, but then stalled here at the ¥155 level.

The US dollar has initially fallen against the Singapore dollar during the trading session on Wednesday but continues to see plenty of support near the 1.36 level.

Silver went back and forth during the trading session on Wednesday.

CHF and JPY battle as top Forex funding currencies, both weak.

We have recently seen a breakout and now we are looking at a retest.

The US dollar has rallied significantly during the trading session on Wednesday against the Canadian dollar, as we have seen the 1.3650 level offer support.

Bitcoin initially did rally a little bit during the trading session on Wednesday.

The US dollar rallied a bit during the trading session on Wednesday, as we continue to threaten a major resistance barrier in the form of 19.25 ZAR.

The British pound initially pulled back against the Japanese yen during early hours on Wednesday, as we continued to threaten a major breakout.