Forex Daily Forecast, Analysis and Prediction

It seems that this week has been the most action-packed for the Japanese yen in the forex market since the start of trading this week.

The EUR/USD pair remained steady around 1.0715 despite the US Federal Reserve's announcement and comments from Fed Chair Jerome Powell.

The USD/TRY pair remained stable without significant changes during the current week, maintaining its limited movement during European trading this morning.

Yen strength may begin to be supported by market sentiment.

Gold futures rose after the Federal Reserve left US interest rates unchanged and insisted that the next policy decision would not include a rate hike.

The British Pound has been somewhat noisy during the trading session on Wednesday, heading into the FOMC meeting, as you would expect.

The US dollar has fallen a bit during the early hours on Wednesday against the Mexican peso as we continue to bounce around between the 50 day EMA underneath and the 200 day EMA above.

BTC/USD has lost more than six thousand USD in the past two and a half days of trading.

The Aussie dollar initially pulled back just a bit during the trading session on Wednesday to show signs of hesitation against the Swiss franc.

The USD/PKR has hit a higher price level in the past handful of days.

Silver markets have had a very rough couple of sessions.

Gold markets rallied significantly during the early hours on Wednesday, as we have recaptured the $2300 level.

The Aussie dollar rallied slightly during the early hours on Wednesday, as we continue to see a lot of noisy behavior.

The British pound has gone back and forth during the trading session on Wednesday.

The NASDAQ 100 has gone back and forth during the early hours on Wednesday, as we wait for the crucial FOMC meeting and results.