Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 initially gapped higher during the trading session on Wednesday, rallied a bit, and then broke down quite drastically.

The British pound has been all over the place during the trading session again on Wednesday as the 1.2650 level continues to be a major barrier.

For four trading sessions in a row, the EUR/USD price is moving in an upward correction range that pushed it towards the 1.1451 resistance.

Gold prices maintained its bullish momentum with gains that are the strongest for nearly nine years.

With the end of the week nearing, markets are awaiting updates regarding what happened in the new round of negotiations between the two parties of Brexit- the European Union and the UK.

Bears still have stronger control over the USD/JPY performance, as the pair returned to the 106.66 support during yesterday's trading before settling around the 106.93 level at the beginning of Thursday's trading.

The South African Rand has run into support and slight reversals the past day, but its overall bearish trend continues to look strong.

AUD/USD: Market risk sentiment less clear

A quick view of the current value within the USD/INR would allow outside observers to say a relatively calm range exists within the forex pair.

The Indonesian Rupiah has lost value to the US Dollar the past couple of trading sessions.

USD/JPY: Little going on here between 106.00 and 108.00

The West Texas Intermediate Crude Oil market has rallied rather significantly during the trading session, crashing into the 200 day EMA.

The silver markets initially gapped higher to kick off the trading session on Wednesday but drifted a bit lower as we filled the gap rather quickly.

BTC/USD: Bulls and bears are evenly matched

Gold markets have rallied a bit during the trading session in the end, but it was a difficult day all around.