Forex Daily Forecast, Analysis and Prediction

Gold prices are higher in U.S. trading Wednesday as investors sought safety from rising tensions between the U.S. and North Korea.

Get the NZD/USD Forex Signal for August 10, 2017 here.

Get the AUD/USD Forex Signal for August 10, 2017 here.

The WTI Crude Oil market went back and forth during the day on Wednesday again as we continue to hover just below the $50 level. Natural gas markets had a very bullish session on Wednesday, slicing through the $2.85 level.

The EUR/USD pair initially fell during the day on Wednesday, but found enough support underneath the 1.17 level to bounce and form a nice-looking hammer. The British pound had a choppy session during the Wednesday session as well, testing the 1.30 level.

The S&P 500 gapped lower at the open on Wednesday, but found enough support underneath to turn around and form a hammer. The NASDAQ 100 also fell, reaching down towards the 5850 handle.

The US dollar fell initially during the day on Wednesday, as people are reacting to all of the news out of North Korea. The Australian dollar fell during the day as well, as the “risk off” trade came back into play.

Get the BTC/USD Forex Signal for August 10, 2017 here.

Get the USD/JPY Forex Signal for August 10, 2017 here.

Get the USD/CAD Forex Signal for August 10, 2017 here.

Get the GBP/USD Forex Signal for August 10, 2017 here.

Get the EUR/USD Forex Signal for August 10, 2017 here.

Gold prices rallied to nearly $1280 an ounce on Wednesday as rising tensions between the U.S. and North Korea stoked demand for the safe-haven metal.

Gold has erased its earlier gains and is trading slightly lower in afternoon U.S. trading. XAU/USD initially tried to break out to the upside however,

Get the NZD/USD Forex Signal for August 9, 2017 here.