Forex Daily Forecast, Analysis and Prediction

Consolidating Above 1.0832

The US dollar has gone back and forth during the trading session on Wednesday, as the market simply has no direction against the Japanese yen

The Euro has fallen a bit during the trading session on Tuesday but turned around to bounce and regain about half of the losses.

The British pound has pulled back slightly during the trading session on Wednesday to look for buyers underneath.

The S&P 500 rallied significantly during the trading session on Wednesday, testing the top of the shooting star from the previous session.

The NASDAQ 100 has rallied significantly during the trading session on Wednesday

The Australian dollar has initially pulled back a bit during the trading session on Tuesday but then shot straight up in the air for the third day in a row

Silver markets did very little during the trading session on Wednesday, as silver may have gotten a little bit ahead of itself.

The British stock markets had a choppy session on Wednesday as we continue to try and discern whether or not stocks in general can go higher.

The West Texas Intermediate Crude market has been relatively choppy during the trading session on Wednesday

The gold markets went back and forth during the trading session on Wednesday

The EUR/USD gains face a threat despite the recent optimism from the decline in coronavirus infection and death numbers in Europe.

Despite the decline in gold prices during yesterday's session to the $1642 level, after reaching to the $1673 resistance in the same session.

The cable quickly recovered from recent sell-offs in the currency trading market against most major currencies after British Prime Minister Boris Johnson was admitted to the intensive care due to worsening health condition of coronavirus symptoms.

The USD/JPY pair remained under downward pressure pushing it towards the 108.66 support before settling around the 108.80 at the time of writing.