Forex Daily Forecast, Analysis and Prediction

The British pound was all over the place during the trading session on Wednesday, awaiting the results of the meeting between Boris Johnson and Ursula von der Leyen during dinner time.

The West Texas Intermediate Crude Oil market had a rather volatile day as the market ended up forming a neutral candlestick.

The S&P 500 fell significantly during the trading session in order to wipe out the last couple of sessions, but at the end of the day we are still very much in an uptrend.

The NASDAQ 100 broke down significantly during the trading session on Tuesday as the “risk off” trade came back into play, and the NASDAQ 100 got absolutely crushed.

I can think of nothing that makes for worse trading conditions than waiting on politicians.

Silver markets fell almost immediately during the trading session on Wednesday to break down below the 50-day EMA again.

Bitcoin markets broke down during the trading session on Wednesday to break below the $18,000 level before finding support.

The Australian dollar initially shot higher during the trading session on Wednesday as the complete “risk on" trade was in full effect.

The US dollar continues to do very little against the Japanese yen, although the session on Wednesday was slightly positive.

Price supported by ascending trend line.

Recent profit-taking sales pushed the EUR/USD towards the 1.2080 support.

Instability with a downward tendency is what recently characterized the GBP/USD performance.

For the second week in a row, the price of gold is in a bullish correction range.

Stability around and below the 104.00 support level continues to fuel the survival of the USD/JPY in the range of a sharp downward channel.

In early trading this morning, the DAX Index has produced another solid leg upwards and its positive momentum is evident for all speculators to see.