Forex Daily Forecast, Analysis and Prediction

The pound is poised to extend its recent gains against the dollar some analysts say, but global investor sentiment should remain supportive.

Since the start of this week's trading, the price of the USD/JPY currency pair is in an upward retracement.

Amidst profit-taking sales, XAU/USD gold prices are trying to hold on to the resistance level at $1775 an ounce, to continue the bullish trend.

Spot natural gas prices (CFDS ON NATURAL GAS) rose in early trading on Wednesday, to achieve strong daily gains, up to the moment of writing this report, by 5.99%.

The Dow Jones Industrial Average continued to decline during its recent trading on intraday levels, to record new losses in its last sessions by -1.03%.

The exchange rate of the TRY/USD has maintained its stability without change.

The GBP/USD price retreated as the US dollar index rallied and as America’s Treasury yields continued their downward trend.

The EUR/USD exchange rate tilted lower as the US dollar index (DXY) bounced back and stocks retreated.

The BTC/USD continued its consolidation as global risks continued rising.

The AUD/USD exchange rate continued retreating as the market focused on the latest interest rate decision by the Reserve Bank of Australia (RBA).

The NASDAQ 100 has fallen again during the Tuesday session as we continue to see a major “risk off” attitude enter the markets.

The AUD/USD initially tried to rally during the early hours on Tuesday, as the Reserve Bank of Australia raised interest rates, and suggested that they were going to do so going forward.

Hong Kong has been a little bit of its own animal as of late, while it has been rallying, the rest of the world has been struggling, perhaps except for the Nifty 50 in India.

The DAX has fallen a bit during the trading session on Tuesday, with the breakdown toward the €14,300 level.

The BTC/USD has done almost nothing during the trading session on Tuesday as we continue to see cryptocurrency do almost nothing.