Forex Daily Forecast, Analysis and Prediction

The Japanese yen remained weak at around 148.55 yen per US dollar on Wednesday after falling to its lowest level in seven weeks in the previous session, as investors continued to assess the Bank of Japan's monetary policy outlook.

The gold price has retreated to the support level of $2605 per ounce, its lowest in two weeks, declining for the fifth consecutive session.

The USD/ILS has managed to decline from highs on Friday and Monday, this as the currency pair began to stabilize yesterday and begin to selloff slightly.

The USD/NOK currency pair captured my attention as a search for trading opportunities in the exotic currency pairs.

The first thing I see is that we have in fact plunged.

The market had recently broken out, and now it looks like it is trying to confirm that breakout.

The Euro has rallied a little bit during the early hours on Tuesday as we continue to see the Euro try to build a bit of a base against the Swiss franc.

It’s obvious that we have broken out to the upside as far as the greenback is concerned.

The FTSE 100 has fallen rather significantly.

The GBP/USD pair retreated to its lowest point since September 12 as the US dollar bounced back.

The EUR/USD exchange rate continued falling this week ahead of the upcoming Federal Reserve minutes and US consumer and producer inflation data.

The AUD/USD exchange rate retreated for six consecutive days, reaching a low of 0.6715, its lowest point since September 16.

The euro attempted to recover a bit during the early hours on Tuesday, as we continue to look for some type of bottom.

Bitcoin is doing little and will not be in focus for most traders looking across a range of asset classes other than cryptocurrencies.

The German index initially pulled back just a bit during the early hours on Tuesday but seems to be finding the area just below the 19,000 level as important enough to turn things around and have traders jumping in the market.