Forex Daily Forecast, Analysis and Prediction

The currency pair has achieved a fresh low today and it is now challenging values last seen in January of 2023.

The CAC 40 is at a major inflection point.

This asset looks as if it is ready to bounce from a major level, so I think ultimately you need to pay close attention to it.

The US dollar has rallied a bit in the early hours on Wednesday against the Swedish Korona as the 10.15 level seems to be an area that a lot of people are paying attention to.

The first thing I see is that we see a little indecisive at the moment.

The British Pound has gone back and forth during the course of the trading session on Wednesday as we continue to see a lot of noise against the Swiss Franc all things being equal.

We have seen the US dollar just simply drop like a stone against the Malaysian ringgit.

Gold plunged in the early hours of the Wednesday session but have turned around to show signs of life.

The first thing I see is that it looks like we are trying to form some type of bottoming pattern, and we have an obvious resistance barrier just above that we can pay close attention to.

The GBP/USD currency pair retreated slightly as the recent strong rally stalled.

The EUR/USD exchange rate pulled back sharply as the recent rally faded ahead of key European and US economic data.

Bitcoin remained on edge overnight as demand for the coin waned.

The AUD/USD pair has stalled at an important resistance level as investors assessed the next actions by the Federal Reserve and the Reserve Bank of Australia.

Yesterday, the gold price fell towards the support level of $2,503 per ounce but quickly rebounded to stabilize around the resistance level of $2,525 per ounce.

The Pound Sterling is maintaining positive momentum.