Forex Daily Forecast, Analysis and Prediction

The Australian dollar was positive early on Monday, as we continue to see the markets react to interest rates more than anything else at the moment.

Bitcoin rallied on Monday again, despite the fact that there are massive issues in the financial markets at the moment, something that tells me there is real interest in Bitcoin at the moment.

The British pound rallied against the yen on Monday, as the interest rate differential continues to be a major driver.

The GBP/USD exchange rate wavered near its lowest level since December last year as geopolitical tensions rose. It was trading at 1.3240 on Tuesday, down sharply from the year-to-date high of 1.3865.

The EUR/USD exchange rate has remained inside a narrow range in the past few weeks as the Iranian war continued. It was trading at 1.1545 on Tuesday as traders waited for Donald Trump's deadline on bombing Iran's critical infrastructure.

The AUD/USD exchange rate remained in a narrow range on Tuesday after some key economic numbers from Australia. It rose to 0.6920, up slightly from this month's low of 0.6830.

The British pound tried to rally against the Japanese yen on Friday, in what would be thin trading. Risk appetite will continue to be a major factor.

The US dollar continues to climb against its southern neighbor, but as the interest rate differential is so wide, I am waiting for “good news” to short.

The Canadian dollar remains very choppy against the Franc but looks very supported in general.

The euro continues to see choppy action against the Swiss franc, as traders try to determine the next move in interest rate differential, as well as the “war premium” being priced in the markets.

The US dollar has been a little bit choppy on Friday, as traders continue to focus on war headlines.

The 10-year yield continues to be a major driver of where the gold market is going.

Silver futures were only open for a small amount of time on Friday but also continue to pay close attention to the interest rate markets.

The overall attitude of the Euro continues to be one of apathy, as traders are looking to determine where the interest rates of both the US and EU countries are heading.

Bitcoin is essentially in a bottoming pattern at the moment, as we are trying to turn things around. This is a market that has been following rates closely.