Forex Daily Forecast, Analysis and Prediction

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The EUR/USD had a somewhat bullish session on Tuesday as traders reacted to decent a decent bond auction in Spain. Also, the yields in several European countries came down, and as has been the correlation lately, the Euro gains in that scenario.

AUD/USD rose on Tuesday as traders continue to pump money into the commodity currencies. The fact that many believe that central banks are about to enter another round of quantitative easing will often fuel commodity booms, and as a result the countries that produce commodities for everyone else will often see massive inflow of currency causing their exchange rates to rise.

USD/CAD fell during the Tuesday session as the oil markets gained again. The Dollar sold off in general, so the fall in this market wasn’t a big surprise.

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EUR/USD had a fairly quiet session on Monday as the Americans celebrated Martin Luther King Day. The lack of volume certainly played into the lack of movement, but there was a downgrade of the EFSF bonds of one notch due to the several downgrades by S&P on Friday.

USD/CAD can sometimes be a tricky pair to trade. While most of you probably understand that the oil markets can create motion in this market due to the Canadians exporting so much of it, there are many other factors at play often as well.

USD/JPY is a bit of an issue for many traders. The pair in the best of times is volatile, and it seems that a lot of new traders tend to get far too interested in the idea of a central bank wanting to devalue its own currency, as the Bank of Japan does.

See how one trader profited by trading binary options based on today's technical analysis.

EUR/USD fell for the bulk of the Friday session amidst rumors of a potential French downgrade by S&P. The downgrade did in fact happen, but it was only after the bulk of traders went home for the weekend after 4 pm New York time.

EUR/AUD is an interesting cross at the moment. As many of you know, the Euro is in big trouble as the problems in the EU and its debt markets have the world on edge.

AUD/USD has been an interesting pair lately. While the Dollar has done quite well against most currencies, the Aussie continues to show a determination to grind higher.

Check out this pro trader's Forex forecast for the majors before making any trades this week!

The increased volatility in the Crude Oil markets pushed many investors away from the more risky assets into the more traditional safe havens such as the USD.

The NZD/USD is appears to be continuing its Bullish run on the charts, closing higher than open on the last trading day of last week after testing a Bullish trend line which started in mid December.