Forex Daily Forecast, Analysis and Prediction

Before the launch of the most important events of this week, the exchange rate of the GBP/USD currency pair attempted to rebound upwards.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains in its last sessions, by 2.15%, to gain about 641.47 points.

The USD/JPY has climbed again and the value of the Forex pair is testing heights not seen since September of 1998.

DOGE/USD slumped slightly below the 5 cents level on Saturday during the widespread panic engulfing the broad cryptocurrency slump; and its rebound since then is now in question.

The French markets rallied initially on Tuesday to reach the €6000 level, but the CAC could not hold on to the gain.

The S&P 500 did rally a bit on Tuesday, showing signs of life again, but at this point it’s likely that we will continue to cease selling pressure eventually.

The West Texas Intermediate Crude Oil market initially rallied on Tuesday but gave back gains at the 50-day EMA again.

Ripple initially showed signs of life Tuesday but did very little in the way of momentum.

Gold markets initially tried to go higher on Tuesday but fell hard after the initial move during the day.

Ethereum markets initially tried to rally on Tuesday but gave back gains near the $1200 level as we continue to see a lot of negativity in the crypto market.

Bitcoin rallied a bit on Tuesday as we continue to see a lot of noisy behavior.

The euro initially rallied on Tuesday to reach the 1.06 level but continues to offer a bit of a resistance barrier.

The British pound rallied a bit on Tuesday but gave back gain to show signs of hesitation yet again.

The German DAX Index initially rallied on Tuesday to reach the €13,450 level before turning back around.

The euro is holding up relatively well against the stronger dollar.