Forex Daily Forecast, Analysis and Prediction

Ethereum markets initially tried to rally during the trading session on Wednesday, but it appears that we continue to see a bit of noise above.

The GBP/USD pair has staged a strong comeback from its lowest point this week to a high of 1.2465, its highest swing since Thursday last week.

The EUR/USD pair wavered on Thursday morning ahead of the crucial US GDP and inflation numbers.

Bitcoin pulled back in the overnight session as the recent recovery faded.

The AUD/USD pair retreated slightly as traders refocused on the upcoming US GDP and PCE economic numbers.

Despite daily Japanese warnings about the imminent date of intervention in the Forex currency markets to prevent further collapse of the Japanese yen exchange rate

Since the start of trading this week, the EUR/USD Euro to US Dollar price has been on an upward retracement path.

Since yesterday's session, the British pound has been recovering against the euro and US dollar currencies, after data showed the strength of the economic recovery in April.

XAUUSD gold price fell below the $2320 level per ounce on Wednesday, under the influence of declining demand for safe-haven assets.

The EUR/USD was all over the place during the early hours on Tuesday as we continued to consolidate in general.

The US dollar continues to squeeze higher against the Japanese yen, as the interest rate differential continues to be a major driver.

The USD/CAD is near the 1.36775 mark as of this writing, this after the currency pair has managed to sustain lower increments attained in early trading this morning.

The currency pair has managed to produce upwards momentum since touching a low on Friday.

The US dollar has pulled back a bit against the Norwegian krone during the early hours on Tuesdayץ

The British pound has rallied a bit during the Tuesday session as we are testing the crucial 1.24 level.