Forex Daily Forecast, Analysis and Prediction

Bitcoin price remained under pressure on Thursday morning as the market reacted to the second Fed decision of the year.

The EUR/USD currency pair is likely to remain under downward pressure and trade in narrow ranges until the reaction of markets and investors to important events and economic data this week led by the US Federal Reserve announcement.

Ahead of important events and data, the GBP/USD currency pair is under selling pressure.

The USD/JPY currency pair moved after the Bank of Japan announced that it would raise Japanese interest rates and finally abandon negative interest rates.

Caution prevailed in the financial markets, and the US dollar continued to strengthen.

The USD/CAD touched a high of nearly 1.36135 yesterday in the wake of the interest rate hike from the Bank of Japan.

NZD/USD Near Nov. Lows, Awaits Fed's Policy Update.

The euro initially fell against the Swiss franc on Tuesday but has seen buyers near the 0.96 level to show signs of life.

The Dow Jones 30 initially fell during the trading session on Tuesday, only to show signs of strength.

The US dollar has been all over the place against the Swiss franc early on Tuesday as we touched the crucial 0.89 level and then pulled back.

The German DAX was slightly positive during the trading session on Tuesday.

GBP Dips, Rebounds at 50-Day EMA Amid Volatility.

The GBP initially fell during the trading session on Tuesday against the CHF, however, we have seen buyers come back into the market and show signs of stabilization.

You can see that the dollar has stretched higher against the Japanese yen overnight as the Bank of Japan raised interest rates to 0.1%.

The EUR/USD pair was flat ahead of the important Federal Reserve decision.