Forex Daily Forecast, Analysis and Prediction

The gold market has jumped nicely on Tuesday, as we continue to see plenty of interest in the metals sector. Ultiamtely, this is a good sign, but also a dangerous one.

The US dollar fell during the trading session on Tuesday against the Mexican peso to continue to overall strong downtrend that has been very reliable over the last few months. That being said, this is an interest rate play, and more.

The silver market has proven itself to be far too dangerous for the average retail trader, and the markets are likely to be a very dangerous place to trade at the moment.

The British pound is slightly positive on Tuesday, as we are trying to turn things around in this market.

Bitcoin continues to look very weak and vulnerable at the moment.

The USD Dollar looks like its bearish trend could start resuming, so a bullish break above $1.3729 could send this pair higher today.

The EUR/USD exchange rate remained under pressure on Wednesday morning as traders waited for the upcoming European inflation data and ECB interest rates decision. It retreated to a low of 1.1812, down sharply from the year-to-date high of 1.2080.

Bitcoin price continued its recent downward trend, reaching its lowest level in over a year and erasing all the gains made during the Donald Trump administration. The BTC/USD pair crashed to 73,000, down sharply from the all-time high of 126,300.

The AUD/USD exchange rate jumped after the Reservation Bank of Australia (RBA) delivered its interest rate decision on Tuesday. It jumped to a high of 0.700, up sharply from this week's low of 0.6900

The British pound continues to see a lot of noise, as traders recognize that London is going to be hesitant in cutting rates rapidly, just as the Americans could do.

The US dollar continues to see a lot of noise, as traders have recently tried to push the Federal Reserve into perceived rate cuts coming quickly. This is something the trading community has been wrong about for some side.

The NASDAQ 100 continues to see a lot of noise, but at this point in time, the markets are consistently seeing NYC buying.

The gold market continues to be one that a lot of people will be watching closely. The brutal selloff on Friday caught a lot of people off guard, and now the entire world seems to be watching closely.

The euro did try to rally a little bit during the early hours here on Monday but simply cannot hang onto gains at the moment as the Federal Reserve Chairman nominee has the markets rethinking things.

The US dollar has rallied against the Canadian dollar again during the day on Monday as the widely reported death of the US dollar seems to be premature.