Forex Daily Forecast, Analysis and Prediction

Get the GBP/USD Forex signal for December 15, 2016 here.

Get the EUR/USD Forex signal for December 15, 2016 here.

The EUR fell rather rapidly during the day on Wednesday as the Federal Reserve announced yet another rate hike. The British pound fell as well after initially tried to rally on Wednesday and in part for the same reason.

The WTI Crude Oil market fell on Wednesday as the Federal Reserve raised interest rates. Natural gas markets had a slightly positive session during the day on Wednesday, and have yet to fill the gap from the weekend.

The US dollar rallied against the Japanese yen as we sliced through the 117 level on Wednesday. The Australian dollar initially broke above the 0.75 level during the day and then fell apart as the Federal Reserve suggested there would be more interest rate hikes going forward.

The S&P 500 sold off on Wednesday in reaction to the Federal Reserve raising rates, but quite frankly I think that’s a short-term move at best, as the market had already anticipated that it would happen.

Gold prices fell $15.27 on Wednesday as the dollar rallied after the Federal Reserve raised interest rates for the first time in a year and signaled it expects to increase rates more quickly than previously anticipated in 2017.

Get the USD/CHF Forex signal for December 14, 2016 here.

Get the NZD/USD Forex signal for December 14, 2016 here.

Get the AUD/USD Forex signal for December 14, 2016 here.

Get the USD/JPY Forex signal for December 14, 2016 here.

Get the USD/CAD Forex signal for December 14, 2016 here.

Get the GBP/USD Forex signal for December 14, 2016 here.

Get the EUR/USD Forex signal for December 14, 2016 here.

Gold markets had a slightly negative session on Tuesday, as we continue to bounce around the $1160 level.