Forex Daily Forecast, Analysis and Prediction

The US dollar fell a bit on Tuesday to break down below the 20 pesos level.

The S&P 500 rallied a bit on Tuesday but still sits below a major resistance barrier.

The Bitcoin market initially rallied on Tuesday but gave back gains above the $30,000 level.

The West Texas Intermediate Crude Oil market rallied early on Tuesday as we continue to see upward momentum.

Neo has done nothing for the last several days, and it does not look as if it has any real hope of recovering for a longer-term move.

Ripple has done almost nothing on Tuesday as we continue to see crypto markets do nothing as well.

The German DAX Index rallied on Tuesday as we continue to see money flow back into equities in general.

The FTSE 100 rallied again on Tuesday but looks as if it is going to have quite a challenge ahead of it.

The GBP/USD pair found some support at its lowest level since May 2020 after the strong UK employment numbers.

The EUR/USD pair rallied to the highest level since May 11th ahead of the upcoming Euro area consumer inflation data.

The AUD/USD pair tilted upwards as the US dollar rally eased.

For the second day in a row, the price of gold is trying to rebound higher to compensate for the losses of the recent selling operations, which drove it towards the support level of 1787 dollars per ounce.

Ahead of the release of a batch of important and influential British and US economic data, the GBP/USD exchange rate deepened in a downtrend for nearly a year.

At the end of last week's trading, the price of the USD/JPY currency pair is stabilizing this week, as it is the closest to breaching the 130.00 psychological resistance again.

Euro exchange rates were flat at the start of the new week's trading and at least some of the rally can be attributed to comments by a prominent member of the European Central Bank.