Forex Daily Forecast, Analysis and Prediction

The US dollar's gains stopped, which helped gold prices move upwards, stabilizing around the level of $1808 as of this writing.

Due to the risk appetite currently in the markets, the Japanese yen lost many of its gains against the rest of the other major currencies.

For the third day in a row, the GBP/USD is moving amid a stable bullish momentum around the 1.3360 level, waiting for catalysts to break out of the bearish channel.

Despite the announcement of better-than-expected GDP growth for the US, the US dollar declined amid profit-taking before the holidays.

The Parisian CAC Index rallied quite nicely on Wednesday to reach towards the €7050 level, which is an area that has been important multiple times.

The Bitcoin market initially tried to rally on Wednesday but gave back the gains a bit.

Ethereum was down about 1% on Wednesday, but as you can see, we continue to hang around the $4000 level.

The S&P 500 rallied a bit on Wednesday to show signs of strength yet again.

The NASDAQ 100 rallied a bit on Wednesday as we broke above the significant candle from Tuesday.

The gold markets rallied a bit on Wednesday, as we continue to hang around the $1800 level.

Silver markets rallied on Wednesday to reach towards the $22.75 level.

The West Texas Intermediate Crude Oil market rallied significantly on Wednesday to reach towards the $72.25 level.

The British pound shot straight up in the air on Wednesday to reach towards the 1.3350 level.

The euro rallied a bit on Wednesday to reach the top of the overall consolidation area that I have marked on the chart.

Dollar weakness is pushing the price up.