Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market rallied again during the trading session on Wednesday, as we recovered from the gap lower.

The Euro has rolled over a bit during the trading session on Wednesday, reaching down towards the 1.11 handle.

The British pound has fallen a bit during the trading session on Wednesday, reaching down below the 1.31 level.

USDJPY: Pivotal area 109.50 / 110.00 still in play

Bitcoin: Strong bullish bounce from $6,441

Several rooted projects are offering long-term investors an excellent buying opportunity, as a result of the extended sell-off across most cryptocurrency assets.

A growing number of analysts and economists view the announced phase-one trade deal between the US and China as insignificant.

As widely expected, the Bank of Japan left its monetary policy unchanged.

After the release of third-quarter GDP data out of New Zealand, which surprised to the upside on a quarter-over-quarter comparison, the New Zealand Dollar briefly spiked.

GBPUSD: Bullish double bottom near 1.3041?

EURUSD: Weakly bullish from 1.1110

The Euro has rallied of the last couple of weeks as I write this article, but at this point it is still very much in a downtrend. Get the Q1 forecast for EUR/USD here.

The British pound has spent the last couple of weeks rallying as we start to head into the holidays.

The New Zealand dollar has been very bullish over the last month or so, slamming into a longer-term downtrend line.

The Bitcoin market has been absolutely miserable for the last seven months or so.