Forex Daily Forecast, Analysis and Prediction

The S&P 500 has been relentless in its attack on the 3200 level, and during the trading session on Wednesday we have seen much more of the same.

The Australian dollar has gone back and forth during the trading session on Wednesday, as we have no real directionality for the markets now that the US/China trade deal situation has faded away.

The NASDAQ 100 has rallied a bit during the trading session on Wednesday as we continue to see a lot of strength in the US stock markets.

AUDUSD: Weakly bullish above 0.6861

Natural gas markets fell a bit during the trading session again during the day on Wednesday, but as you can see, we simply have no momentum to the upside.

Gold markets have done a lot of back-and-forth trading as of late, as we continue to hang about the 50 day EMA.

Bitcoin markets initially pulled back a bit during the trading session on Wednesday, but then turned around to show signs of strength.

The US dollar continues to struggle to break out to the upside, as the ¥110 level continues to be a massive problem when it comes to the buyers going forward.

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.