Forex Daily Forecast, Analysis and Prediction

The Australian Dollar has been slipping on the Greenback since the beginning of March after climbing to a 6 month high on February 29th.

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See the mid week summary of your favorite major pairs, get updates and see where they may lead the rest of the week.

The US indices continued their amazing rally as NASDAQ reached a new 11-year high with Apple Inc as leading stock. Get the full analysis here.

The EUR/USD pair has been somewhat “stuck” recently as we have seen a confinement of price between the 1.30 area and the 1.35 level. The levels aren’t perfect, and this is normally the case when we get these important levels.

With the Bank of Japan desperately doing everything it can to weaken the Yen, this pair has frustrated many bulls over the last several years. Get the full analysis and video here.

The EUR/GBP pair fell heavily during the Tuesday session as the Euro continues to weaken overall. The pair is an interesting mix of buyer and seller, as the two economies are so interconnected.

The Greenback continued to climb against the Yen again today making this the sixth straight Bullish week in a row. Price fell during yesterday's Asian session but only moderately and began to climb once again when the bell rang in London.

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The USD is stamping but tends to be on a bearish momentum against the other major currencies. Get the full analysis here.

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The EUR/USD pair has been trying to digest the effects of a Greek default for several months now, and on Friday, it finally happened. The fact that the market fell to the 1.31 level before the default probably will have had a supportive effect on the news as well.

The GBP/USD pair has been one of consolidation lately, as the central banks of both economies have been inordinately easy with their monetary policies. The pair generally will move higher with risk appetite.

The AUD/USD pair has been following the commodity trade quite well lately, and this past couple of sessions has been no different. The daily candle for Monday has formed a bit of a hammer at the 1.05 level, and this shows that there is significant support for the Aussie going forward.