Forex Daily Forecast, Analysis and Prediction

Bitcoin continues to hang around the $20,000 level, essentially doing nothing.

Ethereum was very quiet on Wednesday as with very little in the way of momentum.

Gold markets fell hard on Wednesday as we are now well below the $1750 level.

The AUD/USD currency pair went back and forth Wednesday as we continue to dance around the crucial 0.68 level.

The Canadian dollar initially fell on Wednesday to reach down toward the ¥104 level.

The West Texas Intermediate Crude Oil market fell quite drastically on Wednesday.

There is a minor bullish retracement after a new 19-year low.

The BTC/USD price held steady at the 20,000 range as concerns about the crypto industry continued.

The GBP/USD pair slumped to the lowest level since April 2020 as the political crisis in the UK escalated and the Fed sounded more hawkish.

The AUD/USD bearish trend stalled at an important support after the hawkish FOMC minutes and the sliding commodity prices.

The S&P 500 Index had a positive session again on Wednesday.

The Turkish lira lost most of its gains recorded over the past two weeks, with the dollar rising strongly against major currencies and emerging market currencies.

The Dow Jones Industrial Average returned to decline during its recent trading at the intraday levels, to record losses in its last sessions, by -0.42%.

Spot natural gas prices (CFDS ON NATURAL GAS) rose in their recent trading at the intraday levels, to achieve daily gains until the moment of writing this report, by 3.73%.

The price of gold fell sharply as Treasury yields rose and investors weighed a possible cancellation of some US tariffs on Chinese consumer goods that could help ease inflation.