Forex Daily Forecast, Analysis and Prediction

The EUR/USD has rallied significantly during the trading session on Tuesday as the PPI numbers in America came out at “only” 8.0% year-over-year.

The GBP/USD initially shot higher during trading on Tuesday but has pulled back from the crucial 1.20 level as we have seen a lot of volatility during the day.

The BTC/USD continues to act like dead money as it simply sits just below the $18,000 level.

The EUR/USD price retreated slightly in the overnight session as the strong rally took a breather.

The BTC/USD price remained in a tight range during the overnight session as the fallout surrounding FTX’s collapse continued.

The AUD/USD price rally gained steam after another set of positive American inflation data and the meeting between Xi Jinping and Anthony Albanese.

The EUR/USD exchange rate could extend its near-term recovery during the trading week, analysts say, although many still see the market as a clear technical situation and not necessarily the beginning of a long-term recovery.

For the second day in a row, the price of the USD/JPY currency pair is trying to rebound higher.

The performance of the British pound this week will look to maintain the previous week's rise of 4.0% against the US dollar

Since the start of this week’s trading, the XAU/USD gold price has been stable around the recent rebound gains, reaching the $1775 resistance level

The price of the TRY/USD stabilized during the early trading today.

Spot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in early trading on Monday, to record slight daily losses until the moment of writing this report.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in its last sessions, by -0.63%.

The West Texas Intermediate Crude Oil market has shown itself to be a bit negative, as we have pulled back from the $90 level.

The S&P 500 pulled back from the 200-Day EMA during the trading session on Monday, as well as the 4000 level.