Forex Daily Forecast, Analysis and Prediction

For three trading sessions in a row, the USD/JPY currency pair is trying to correct higher ahead of the release of US inflation figures.

The S&P 500 is essentially sitting at the all-time highs at the market has done nothing during the trading session on Wednesday.

The DAX fell during the trading session on Wednesday to reach down towards the 15,500 level. See today's forecast here.

The NASDAQ 100 rallied a bit during the trading session on Wednesday but as you can see, we did up forming a hammer just as we did on Tuesday.

The FTSE 100 fell during the trading session on Wednesday to reach down towards the 7050 handle, before turning around to show signs of strength.

The WTI Crude Oil market rallied initially to kick off the trading session but after a less than thrilling inventory number, the market pullback brought oil to below $70 a barrel again.

As the USD/CAD has become consolidated after achieving a substantial bearish trend, the Forex pair is testing short-term highs.

The last two days of trading within the USD/INR has seen a polite reversal higher take place as the 73.0000 resistance level has attracted a test of its juncture.

ADA/USD finds itself under short-term pressure as it trades within the lower band of its current range.

Speculators who are capable of solid risk-taking management skills may be enjoying the rather stormy middle ground of ETH/USD near term.

It is a bit much to expect that the pair can just take off to the upside and break out.

The Bitcoin market initially fell during the trading session on Wednesday as the $30,000 level continues to be crucial support.

The gold markets did almost nothing during the day on Wednesday as we await for the Consumer Price Index figures coming out on Thursday to give us the latest read on inflation.

A breakout above 0.7776 may finally happen today.

The ECB release today is highly likely to cause volatility.