Forex Daily Forecast, Analysis and Prediction

The IBEX index initially rallied on Wednesday but has run into a bit of a headwind via the overall risk appetite globally.

The Bitcoin market went back and forth on Wednesday as it continues to try to make all-time highs.

The NASDAQ 100 sold off quite drastically on Wednesday as we pierced the 16,000 level.

The S&P 500 got crushed after the worst 30-year bond auction in history took the headlines in the United States.

Gold markets exploded to the upside on Wednesday to break through the significant $1835 level.

The silver market initially fell on Wednesday but found enough buyers to turn things back around.

The West Texas Intermediate Crude Oil market fell significantly on Wednesday to reach down towards the $81.50 level.

The euro sold off quite drastically on Wednesday as we pierced the 1.15 level.

The British pound got slammed on Wednesday, crashing into the major support region just above the 1.34 handle.

The BTC/USD pair jumped to an all-time high on Wednesday as investors reflected on the rising global inflation.

The GBP/USD price declined as investors reflected on the strong US inflation data.

The AUD/USD pair declined for three consecutive days as investors reflect on the fast-rising American inflation and the relatively weak Australian jobs numbers.

The USD/INR has continued to show signs of bearish movement, but has seen reversals higher when important support levels have been tested.

Six-month charts will be looked at by many gold speculators as the day begins and the precious metal finds itself near important mid-term resistance.

The weakness of the US dollar strongly contributed to the increase in the price of gold, reaching the $1827 resistance as of this writing, a 2-month high.