Forex Daily Forecast, Analysis and Prediction

The recent selling operations witnessed by the GBP/USD currency pair stopped at the support level of 1.2100, bouncing back from the resistance level of 1.2293 and settled around the level of 1.2145

During the middle of this week's trading, the price of the EUR/USD currency pair is subjected to selling operations.

The Turkish lira fell against the dollar during trading yesterday, Wednesday, after the country's inflation data released yesterday, the number rose by 2.37%.

Spot natural gas prices increased in the recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.54%.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains in its last sessions by 1.29%.

After trading near highs early this week not seen since the third week of June, the NZD/USD currency pair has started to look technically bearish again.

The USD/JPY has reversed upwards after hitting depths early this week that had not been seen since the first week of June.

Bitcoin (BTC) made news for its meteoric rise and its equally meteoric fall.

Significant Selling near $1.0300.

The EUR/USD currency pair continues to go back and forth without any real direction or conviction one way or the other.

The GBP/USD currency pair continues to chop around as it looks for some type of directionality.

The USD/JPY currency pair initially pulled back Wednesday but found enough buyers underneath to turn this market around.

The NASDAQ 100 Index exploded to the upside, hanging about the 13,250 level.

The S&P 500 Index rallied rather significantly Wednesday as we continue to ignore most fundamental analysis and economic numbers.

Gold markets went back and forth Wednesday as we continue to levitate just below a major supply area.