Forex Daily Forecast, Analysis and Prediction

The US dollar suffered a setback from the preliminary results of the new jobs in the U.S non-agricultural sector.

The Euro initially tried to rally during the day on Wednesday but ran into a buzz saw of resistance in the area just above the 1.11 handle again.

The Australian dollar pulled back a bit during the trading session on Wednesday, reaching down towards the 50 day EMA.

The S&P 500 recovered quite a bit during the trading session on Wednesday, after selling off drastically on Tuesday.

The US dollar has initially pulled back against the Japanese yen during the trading session on Wednesday but found enough support at the ¥108.50 level again to turn around and bounce.

The NASDAQ 100 has fallen initially during the trading session on Wednesday but turned around to recapture the losses from the previous session.

The British pound broke out during the trading session on Wednesday, slicing through the $1.30 level finally.

The West Texas Intermediate Crude Oil market rallied rather significantly during the trading session on Wednesday, reaching towards the $58.50 level.

Gold markets initially tried to rally during the trading session on Monday, but then on Wednesday turned around to show signs of exhaustion

Ethereum reversed its advance and the bearish environment remains dominant; cryptocurrency traders should expect more downside to follow.

USDJPY: Consolidating below 109.00

Bitcoin: Bearish trend line, but higher lows show mixed picture

Natural gas markets initially tried to rally during the trading session on Wednesday.

Bitcoin initially tried to rally during the trading session on Wednesday but gave up gains again closer to the $8000 level.

GBPUSD: Long-term bullish breakout above 1.3000