Forex Daily Forecast, Analysis and Prediction

The S&P 500 was rather quiet during the trading session on Tuesday as we wait for the Consumer Price Index figures.

The GBP/USD exchange rate was flat on Wednesday morning as traders waited for the March inflation report.

Bitcoin initially pulled back just a bit during the trading session on Tuesday but did find a bit of buying pressure underneath.

The EUR/USD wavered on Wednesday morning ahead of the upcoming US CPI and Fed minutes.

You can see that we did pull back just a bit during the early hours on Tuesday, but it looks like Wall Street is trying to power higher.

Supported by short-term ascending trend line.

The AUD/USD pair continued rising as commodity prices bounced back.

Gold rallied a bit during the trading session on Tuesday as it looks like we are going to continue to try to take off to the upside.

The USD/TRY pair rose during early Monday trading, marking its third consecutive day of gains while remaining within a limited range below last month's peak.

At the end of last week's trading, the price of the USD/JPY currency pair unexpectedly declined to the support level of 150.82 after strong gains earlier in the week, which had reached the resistance level of 151.95.

The British pound continued to decline to below $1.26, as a strong US jobs report raised expectations that the Federal Reserve will deliver fewer rate cuts this year compared to the Bank of England.

By the end of last week's trading, the EUR/USD currency pair declined below the support level of 1.0800, with losses extending to the 1.0791 support level.

At the end of trading last week, gold futures rose to a new record high and thus gained a new bullish trading week.

The US dollar has rallied rather significantly against the Canadian dollar during the trading session on Friday.

The NASDAQ 100 has rallied significantly during the trading session on Friday.