Forex Daily Forecast, Analysis and Prediction

This is a new record bullish trading week for the gold market. Even with the rise in the price of the US dollar, the price of gold rose towards the new historical psychological resistance of $2,300 per ounce.

USD/TRY pair fell in early trading on Wednesday, despite the negative inflation data released earlier in the day.

The WTI crude oil market rallied a bit during the early hours on Wednesday, as we continued to chip away at the resistance around the $85 level.

You can see that the US dollar rallied a bit during the course of the trading session on Wednesday, as we continue to threaten the crucial ¥152 level.

US Dollar has technical reason to fall further.

The Nasdaq 100 was somewhat soft during the early hours on Wednesday, but I think a lot of what you are seeing right now is the market trying to get ahead of the jobs report.

As of this morning’s writing the USD/PKR is near the 277.8537 mark per the official Pakistan government listed price.

The currency pair is occupying high water marks not seen since November.

Bitcoin has gone back and forth during the course of the early hours on Wednesday, and as we continue to see a lot of noisy behavior in general.

Russell 2000 had a very rough session on Wednesday, but we are right at an area where there should be plenty of market memory attached to it.

The Pakistani Rupee continues to gain strength against the US dollar, trading down to the 277.73 level.

Gold markets initially pulled back just a bit during the trading session on Wednesday, but then turned around to show signs of life yet again.

The euro rallied significantly during the course of the trading session on Wednesday.

The British pound has risen significantly during the course of the trading session on Wednesday.

Silver has shot straight up in the air during the early hours on Wednesday as we continue to see a lot of momentum.