Forex Daily Forecast, Analysis and Prediction

A major bearish reversal is possible at 0.7550.

Despite the recovery of the US dollar, gold is stabilizing around the psychological resistance level of $1800 as of this writing.

The US dollar pairs in the Forex market are looking to the announcement of the US economic growth rate today.

Today's trading session is crucial for the euro's performance against the rest of the other major currencies, as the European Central Bank will announce its monetary policy decisions.

The GBP/USD pair's bullish attempts to complete its ascending channel lacks strong momentum, which explains the recent performance of the currency pair, which has settled around the 1.3725 support level.

The price is bearish below $1.1623.

The British pound fell significantly on Wednesday only to turn around and show signs of life again.

The euro rallied a bit on Wednesday as we continue to hang around the 1.16 level.

The Parisian CAC Index initially pulled back on Wednesday but found enough buyers underneath to turn around and form a bit of a hammer.

The NASDAQ 100 rallied a bit on Wednesday to make another all-time high.

The S&P 500 went back and forth on Wednesday as we continue to hover near all-time highs.

Gold markets fluctuated on Wednesday again as we continue to hang around the 200-day EMA.

Silver markets fluctuated on Wednesday as we continue to see plenty of noisy trading just below the 200-day EMA.

Bitcoin pulled back on Wednesday to slice through the $60,000 level.

The West Texas Intermediate Crude Oil market showed itself to be somewhat resistant to break above the $85 level, but it is probably only a matter of time before we clear that psychologically important figure.