Forex Daily Forecast, Analysis and Prediction

The USD/INR has caught many speculators and financial institutions unprepared as it demonstrated a massive bullish move higher.

The pair is slightly more bullish, but AUD is no longer leading the reflation trade.

The BTC/USD declined in the overnight session as profit-taking intensified and traders reacted to comments by Peter Thiel and Jamie Dimon.

The GBP/USD price declined in the overnight session as the market reflected on the US bond yields after the latest FOMC minutes.

The Australian dollar initially tried to rally during the trading session on Wednesday but found the 50-day EMA to be a bit too resistive to continue going higher.

The gold markets initially had pulled back a bit during the trading session on Wednesday but then turned around to show signs of strength again.

The DAX Index went back and forth during very quiet trading on Wednesday, as we continue to hang about the 15,250 level.

The S&P 500 fluctuated during the course of the trading session on Wednesday, just as it did on Tuesday.

The NASDAQ 100 continues to go back and forth and essentially get nowhere while treading water over the last couple of days.

The euro is now a relatively strong currency.

The euro rallied significantly during the trading session on Wednesday but gave up gains above the 1.19 handle.

The British pound fell again during the trading session on Wednesday to reach down towards the 1.3750 level yet again.

Bitcoin markets got hit a bit during the trading session on Wednesday to reach below the $57,000 level.

The West Texas Intermediate Crude Oil market was all over the place again during the trading session on Wednesday.

The US dollar rallied a bit during the trading session on Wednesday to reach towards the 50-day EMA against the Canadian dollar.