Forex Daily Forecast, Analysis and Prediction

USD/JPY took another step towards the closely watched 150 historical psychological resistance level, keeping investors on high alert for potential intervention to support the Japanese currency.

The strong movement of the British pound came to a trembling halt in recent trading sessions, after some new uncertainty in the UK bond markets.

After the continuation of risk appetite and a temporary halt to the sharp gains of the US dollar the price of the currency pair EUR/USD is still reacting positively.

Although the NZD/USD has managed to gain in past handful of trading days, it remains within the lower spectrum of its long term technical values.

The USD/CAD is trading near the 137575 mark as of this writing.

The GBP/USD price continued consolidating as the market waited for the upcoming UK consumer inflation data.

The EUR/USD price drifted higher on Wednesday morning as investors focused on the falling volatility and the upcoming European inflation data.

The AUD/USD price remained in a tight range remained in a consolidation phase after the Reserve Bank of Australis (RBA) published the latest minutes.

Crypto markets have become lifeless and boring, with low volatility and little directional price movement.

The gold markets initially rallied during the day on Tuesday but continue to see a lot of downward pressure.

The S&P 500 has fallen during the trading session after initially shooting straight up in the air.

The West Texas Intermediate Crude Oil market has fallen rather significantly during the course of the trading session on Tuesday

Ethereum has pulled back a bit during the trading session on Tuesday as we continue to see a lot of lackluster interest in the crypto markets.

The German index rose initially during trading on Tuesday as we saw the market break well above the 50-Day EMA.

The US dollar initially dipped during the trading session on Tuesday but found buyers again below the ¥149 level as the US dollar is like a wrecking ball