Forex Daily Forecast, Analysis and Prediction

The euro fluctuated on Wednesday ahead of the FOMC statement.

The British pound fluctuated on Monday, waiting for the FOMC.

Bitcoin fell towards the $40,000 level on Wednesday but as you can see, has turned around quite significantly.

The NASDAQ 100 rallied a bit on Wednesday to break above the 50-day EMA.

The S&P 500 rallied a bit on Wednesday as it awaited the FOMC minutes.

The FTSE 100 rallied significantly on Wednesday to break above the 50-day EMA.

The AUD is one of the relatively weak currencies.

The GBP/USD pair wavered in the overnight session after the relatively hawkish Federal Reserve decision.

The BTC/USD rebounded in the overnight session as investors reacted to the Federal Reserve decision.

The price is recovering firmly from the post-FOMC drop over the short term.

The energy crisis, Brexit skirmishes, weak British economic performance and corona variants all pushed the GBP/USD down to the 1.3640 support level, where it has settled as of this writing.

XRP/USD has correlated with its major cryptocurrency counterparts and experienced a sustained bearish trend, while hitting new mid-term lows yesterday.

The USD/BRL came off important highs yesterday and reversed to support levels which have proven adequate the past handful of days.

A slight reversal higher in early USD/JPY trading this morning has been demonstrated, but short-term speculators should still consider the larger trend.

The USD/INR has continued to traverse within the higher realms of its short-term range as risk-averse trading seems to have created more durable support.