Forex Daily Forecast, Analysis and Prediction

The GBP/USD has received a lot of bearish pressure recently as the Bank of England abandoned it regarding the future of its monetary tightening.

The Dow Jones Industrial Average rose in its recent trading at the intraday levels, to achieve sharp gains in its last sessions.

The USD/JPY has rallied significantly to reach the ¥145 level during the trading session on Wednesday but gave back the gain as we continue to see a lot of volatility and perhaps noise.

The GBP/USD fell initially during the trading session on Wednesday to dip below the 1.15 level.

The AUD/USD initially fell during trading on Wednesday to reach down to the 0.67 level.

The S&P 500 rallied significantly during the trading session on Wednesday, testing the 3980 level.

The German index rallied rather significantly during the trading session on Wednesday to show signs of life.

The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Wednesday as the $85 level has been shattered.

Gold markets continue to be very volatile, initially dipping during the trading session on Wednesday only to turn around and show signs of life again.

The EUR/USD rallied rather significantly during the trading session on Wednesday to test the parity level.

Ethereum has initially fallen during the trading session on Wednesday but turned around as the $1500 level has offered a little bit of support.

The BTC/USD has rallied ever so slightly during the trading session on Wednesday but we still see a lot of negativity and it certainly looks as if Bitcoin is threatening a major breakdown.

The GBP/USD pair crashed to the lowest level since 1985 on Wednesday.

The EUR/USD price bounced back as the market shifted their focus to the upcoming interest rate decision by the European Central Bank (ECB).

The AUD/USD exchange rate rose slightly in the overnight session even as more reports of a more hawkish Federal Reserve.