Forex Daily Forecast, Analysis and Prediction

The British pound rallied significantly during the trading session on Tuesday, giving back significant gains.

The Australian dollar has initially tried to rally during the trading session on Tuesday but gave back the gains to form a bit of a shooting star-shaped candlestick.

Silver markets have had a horrific day during the trading session on Tuesday, reaching down towards the $26 level.

The GBP/USD is trying to avoid breaching the 1.3000 support, in order not to increase selling and a shift in the general direction that is still bullish.

The USD/BRL is near an important technical juncture of 5.5000.

The USD/ARS remains in a long term buying position.

In early trading this morning the USD/INR remains locked within a tight range.

If you are not an experienced trader you should think twice before attempting to try and speculate with the USD/PKR.

South African Reserve Bank (SARB) Governor Lesetja Kganyago defends the implemented monetary of the central bank, after growing criticism by business groups over the lack of quantitative easing measures as executed by developed economies.

Gabriela Siller, the Director of Economic and Financial Analysis at Banco BASE, warned that a complete economic recovery for Mexico is likely to take between six and eleven years, with four years outlined as a best-case scenario.

The British pound found support during the trading session on Monday, initially shooting higher but then breaking back down towards the crucial 1.30 level.

The Australian dollar has gone back and forth during the trading session on Monday, as we continue to look bullish.

The silver market gapped higher to kick off Monday’s session before pulling back towards the $28 level.

During last Friday's trading session, the GBP/USD currency pair retreated from its current 5-month high of 1.3187 to trade around 1.3009

The USD/CAD has produced short term bullish sentiment which has begun to produce tests of resistance levels.