Forex Daily Forecast, Analysis and Prediction

The EUR/USD exchange rate rose slightly after last Friday’s US inflation gauge.

Bitcoin price remained in a tight range on Monday morning as the countdown to the halving event continued.

The AUD/USD was little changed on Monday as Australia’s markets remained shut for the Easter holiday.

Much will depend on whether US Dollar Index can break resistance.

Poor Sentiment and Interest Rate Trade Correlations.

Test of Lows Hits by Move to Momentary Record Highs.

Choppy Trading Correlations as Nervousness Abounds.

Risky assets remain bullish despite a minor bid in the US Dollar, with commodity markets seeing the most interesting developments as Gold and Cocoa power to record high prices.

Traders expecting a sudden wave of buying to emerge in the GBP/USD and for the 1.27000 level to become a safe haven for the currency pair had their hopes crushed again the past week.

Crude Oil gathered force and reversed higher on Wednesday after hitting lows around the 80.330 ratio on earlier in the day.

The Crude Oil market has been slightly positive during the month of March, and it is very likely that we will continue to see upward pressure during the month of April.

The US dollar has continued to drop against the Mexican peso during the month of March.

Stock markets are essentially stuck in a feedback loop around the world, and the S&P 500 of course will be no different.

April NASDAQ Forecast: Watch 17,775 Level, Likely Upward Grind.

April Gold Forecast: Volatile, Eyeing $2500 Amid Global Uncertainty.