Forex Daily Forecast, Analysis and Prediction

The USD/PKR has been moving at a snail’s pace this week.

The Parisian market felt rather significantly during the course of the trading session on Wednesday.

The US dollar initially fell against the Mexican peso during the trading session on Wednesday.

The silver market has been all over the place during the course of the trading session on Thursday.

The euro initially felt during the course of the early hours on Wednesday but turned around the show selling strength again against the British pound.

The British pound has been all over the place against the Japanese yen during the trading session on Wednesday.

The dollar/yen has shown itself to be very strong and we finally broke through the 150 yen resistance barrier.

The EUR/USD pair dived as the US dollar index (DXY) surged to its highest point since November last year.

The GBP/USD exchange rate plunged hard after the strong US inflation numbers complicated the actions of the Federal Reserve.

The Nasdaq 100 initially tried to rally during the trading session on Wednesday, but then plunged to reach the 50-day EMA before bouncing again slightly.

Bitcoin price retreated sharply in the overnight session as investors embraced a risk-off sentiment after the strong US inflation report.

The German index went back and forth during the course of the trading session on Wednesday.

Initial support found below $0.6500 after US CPI data release.

Bitcoin fell initially during the trading session on Wednesday and the hotter than anticipated CPI numbers clearly have had a bit of a negative effect on Bitcoin as well as the US dollar took off.

Gold has fallen a bit during the trading session here on Wednesday as the CPI numbers came out hotter than anticipated.