Forex Daily Forecast, Analysis and Prediction

For the second day in a row, gold prices are trying to recover, reviving the momentum of safe haven buying after falling to its lowest level in 3 months.

The US dollar jumped strongly after US inflation figures for April came in stronger than markets had expected, leading to warnings that it may take some time before price increases begin to slow.

The Dow Jones Industrial Average continued to decline during its recent trading at the intraday levels, to record losses for the fifth consecutive day, by -1.02%.

Spot natural gas prices (CFDS ON NATURAL GAS) declined in their recent trading at the intraday levels, to record daily losses until the moment of writing this report, by -3.08%.

The Turkish lira continued to record more losses against the US dollar, especially during the last week.

BNB/USD is suffering a loss of value like many of its major counterparts, and its current ‘support’ levels should be considered carefully.

ADA/USD has seen its value nosedive like other major cryptocurrencies in the past handful of days, and speculators who are wagering should remain cautious.

The pair remains vulnerable to a breakdown below $1.0500.

The German DAX Index rallied significantly on Wednesday in the futures market to reach the €13,888 level.

The US dollar had a slightly positive session on Wednesday against the Indian rupee, as well as most other emerging market currencies.

The US dollar initially on Wednesday to reach the 1.3833 level against the Singapore dollar.

Bitcoin went back and forth on Wednesday to challenge the $30,000 level.

Gold markets rallied a bit on Wednesday as we continue to see this market grind back and forth.

The West Texas Intermediate Crude Oil market broke much higher on Wednesday as we are clear of the 50-day EMA.

The US dollar pulled back a bit on Wednesday to reach down towards the 1.29 level.