Forex Daily Forecast, Analysis and Prediction

The USD/SEK has sunk to July lows, but the currency pair remains in the upper realms of its long term price range technically.

The USD/ZAR has traversed within its upper price range for the past week, frequently trading above the 17.00000 level with a couple instances of sharp reversals lower.

Bitcoin advancing to new 1-month highs on risk rally.

The West Texas Intermediate Crude Oil market rallied a bit Tuesday as we are now threatening to $104 level.

The USD/JPY currency pair initially fell Tuesday against the Japanese yen, but we have seen a turnaround as the Bank of Japan will continue to loosen monetary policy.

The EUR/USD currency pair rallied a bit against the US dollar Tuesday as we await the ECB announcement.

The GBP/USD currency pair has rallied a bit Tuesday as we have ripped above the 1.20 level.

The AUD/USD currency pair has rallied significantly to reach the 0.69 level Tuesday.

The S&P 500 Index has broken above the downtrend channel that we have been in for a while, so it makes sense that we would continue to see this show signs of potential volatility.

The NASDAQ 100 Index has broken higher during the trading session on Tuesday as we continue to see a lot of volatility in this market.

Gold tried to rally on Tuesday, but as you can see, we have given up gains yet again.

The Ethereum market has gone back and forth as the $1600 level has offered a significant amount of resistance.

BTC/USD rallied a bit Tuesday after initially dipping lower.

The GBP/USD currency pair held relatively steady after Andrew Bailey, the BoE governor reiterated that the committee will consider a 0.50% rate hike.

The EUR/USD currency pair recovery accelerated after the strong European consumer inflation data.