Forex Daily Forecast, Analysis and Prediction

The S&P 500 has kicked off the day on its back foot as we have fallen towards the 5200 level.

The GBP/USD exchange rate stabilized after a series of mixed economic data from the UK and after statements by Federal Reserve officials.

The EUR/USD rate drifted upwards on Tuesday even after some encouraging European inflation numbers.

The AUD/USD pair erased some of the losses made on Monday.

As the week commenced, the price of the USD/JPY currency pair surged to the resistance level of 151.77, with the yen nearing its lowest point in 34 years.

At the end of last month, the pound fell to $1.26, close to its lowest level since February 19, and is on track to lose about 1% against the dollar in the first quarter.

Strong US economic data results at the start of trading this important week allowed bears to drive the EUR/USD currency pair towards deeper support levels.

Traders who do not have open positions in the USD/BRL today as Forex begins may count themselves as lucky.

At the start of April trading, gold futures rose to their highest levels ever.

As the Forex markets began trading this morning, the USD has continued to be a source of nervousness.

The Euro initially tried to rally a bit during the trading session on Monday, but at this point we turned right back around to show signs of hesitation.

The US dollar has rallied a bit against the Mexican peso during the trading session on Monday, as we have seen US dollar strength overall.

The Swiss franc has been back and forth during the trading session on Monday, as this market is going to continue to see a lot of noisy behavior.

The euro initially tried to rally a bid during the early hours on Monday, but then drifted a bit lower against the Japanese yen.

The Australian dollar initially rally during the trading session on Monday.