Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially pulled back during the trading session on Wednesday only to turn around and show signs of strength.

The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains after the FOMC statement came out and suggested that we will continue to see a lot of negativity.

Aussie boosted by very strong employment data.

Yet a double top has formed just below 1.2000.

The FTSE 100 pulled back slightly during the trading session on Wednesday only to find buyers again to push towards the same 6800 resistance barrier.

The DAX Index rallied during the trading session on Wednesday as we continue to see the same channel keep the market somewhat constrained.

Bitcoin has advanced from the $55,000 level since Wednesday's session to reach the former key resistance level at $57,223.

The Australian dollar initially dipped during the trading session on Wednesday but found support at the 50-day EMA and the uptrend line in order to turn around and show signs of strength again.

Gold markets rallied a bit during the trading session on Wednesday as we saw the FOMC come and go.

The BTC/USD continued its rebound after the Federal Reserve committed to continuing its easy money policy for a while even as the economy rebounds.

The GBP/USD jumped in the overnight session after the Federal Reserve delivered a relatively dovish interest rate decision.

USDT/USD has produced a typically tight price range the past week of trading, but its recent activity suggests there is a potential for a speculative wager.

Cardano has jumped higher in the past day by over twenty percent in value and, intriguingly, this has occurred when other cryptocurrencies have been relatively quiet.

After touching a low of nearly five-and-a-half cents a couple of days ago, DOGE/USD has proven it can produce a tight range.

The past two days of trading within ETH/USD have seen consolidation emerge and speculators have decisions to make.