Forex Daily Forecast, Analysis and Prediction

The FTSE 100 rallied a bit on Tuesday to reach the 7500 level, but it is worth noting that we have seen quite a bit of compression as of late and volatility.

The S&P 500 bounced significantly from the 3900 level, which is a large, round, psychologically significant level, and an area where we’ve seen a little bit of support.

Ethereum pulled back just a bit on Tuesday as we continue to see a lot of negativity out there.

The euro rallied a bit on Tuesday to reach the 50-day EMA.

The West Texas Intermediate Crude Oil market did very little on Tuesday as we continue to hang about the $110 level.

The US dollar bounced a bit on Tuesday ends the 50-day EMA has brought in some fresh buying.

The Bitcoin market did almost nothing on Tuesday as we continue to look at the $30,000 level as difficult to overcome with any type of confidence.

The British pound pulled back a bit on Tuesday to show signs of exhaustion and the 1.26 level.

The GBP/USD pair held steady as the US dollar continued its bearish momentum.

The EUR/USD pair continued its recovery trend after the relatively weak US housing data and hawkish statement by Christine Lagarde.

The AUD/USD pair moved sideways as Wall Street investors started warning about the Chinese economy.

Coinciding with the beginning of this week's trading, forex currency traders noticed an upward rebound in the price of the euro currency pair against the US dollar, EUR/USD.

For three trading sessions in a row, gold prices continued to rise with gains to the resistance level of 1865 dollars an ounce and settled around the level of 1853 dollars an ounce.

Since last Friday's trading session, the price of the USD/JPY currency pair has been moving in narrow ranges with a bearish slope between the support level 127.14 and the level of 128.30

GBP/USD has rebounded sharply from two-year lows after a positive turn in UK economic data and a rebound in Chinese renminbi sold heavily.