Forex Daily Forecast, Analysis and Prediction

The AUD/USD price retreated in the overnight session amid a broader greenback rebound that saw the dollar index rise by more than 0.45%.

The GBP/USD pair sell-off that started on Friday accelerated in the overnight session as the US dollar bounced back.

The EUR/USD price declined sharply after the relatively weak German sentiment data.

The BTC/USD price tumbled in the overnight session as investors reacted to the happenings in El Salvador, the first country to make Bitcoin its legal tender.

The Euro initially tried to rally during the trading session on Tuesday but gave back the gains as the 200 day EMA seems to be a bit too much to overcome.

The NASDAQ 100 has rallied again during the trading session on Tuesday to show that it is by far the biggest leader of US stock markets in general.

The FTSE 100 has fallen rather hard during the trading session on Tuesday as liquidity picked back up, with North American traders getting involved.

The British pound initially tried to rally during the trading session on Tuesday, but then turned around fall rather significantly.

The S&P 500 went back and forth during the trading session on Tuesday as traders seem to be a little lost as to where they wanted to be.

The US dollar has rallied significantly against the Canadian dollar as traders came back to work on Tuesday.

The Australian dollar has tried to rally into the 200 day EMA but gave back those gains to show signs of weakness.

The West Texas Intermediate Crude Oil market gapped a little bit lower to kick off the trading session on Tuesday, as crude oil continues to struggle.

Gold markets got absolutely crushed on Tuesday as the liquidity came back into the market.

The Bitcoin market has broken significantly to the downside to slice through the $50,000 level on Tuesday, apparently out of the blue.

The USD/ZAR is trading near 14.30000 as of this morning and the forex pair is traversing very interesting mid-term support ratios.