Forex Daily Forecast, Analysis and Prediction

The USD/BRL fell to fresh lows on Monday and then demonstrated rather consolidated price action as important support levels came into sight.

The USD/MXN ranks among the most intriguing major currency pairs for traders to wager on because of its rather contradictory results for nearly a year.

Resistance level at 0.7000 handle looks pivotal.

The West Texas Intermediate Crude Oil market pulled back a bit on Tuesday after rallying.

The AUD/USD currency pair pulled back a bit from the crucial 0.70 level, as we have seen happen multiple times.

The USD/JPY currency pair continues to hang around the 50-Day EMA as we are going back and forth around the ¥135 level.

The NASDAQ 100 dipped lower to kick off the trading session on Tuesday, and then dropped down to the 13,000 level.

The S&P 500 Index drifted a little bit on Tuesday as we are awaiting the CPI numbers on Wednesday.

The BTC/USD currency pair fell a bit on Tuesday as the market continues to pay close attention to the $24,000 level just above.

The Ethereum market pulled back a bit on Tuesday to show signs of selling pressure.

Gold markets rallied a bit Tuesday as we wait for the crucial CPI numbers.

The EUR/USD currency pair rallied a bit Monday but then turned around to show signs of weakness again.

The GBP/USD currency pair rallied initially on Tuesday but gave back gains in the same general vicinity where we had seen selling pressure on Monday.

The GBP/USD price moved sideways on Wednesday as investors continued reacting to the upcoming US inflation data.

The EUR/USD price continued consolidating while US bond yields retreated ahead of the latest American and German inflation data.