Forex Daily Forecast, Analysis and Prediction

Short-term, risk-averse trading has certainly caused bullish momentum within the USD/INR to rise, and speculators need to prepare for a volatile 24 hours to come.

The FTSE 100 rallied a bit during the trading session on Tuesday, as we continue to see a lot of bullish pressure in stock markets around the world.

The gold markets fell again during the trading session on Tuesday to reach towards the $1850 level.

The Aussie dollar broke down a bit during the trading session on Tuesday to reach down below the 0.77 handle.

The S&P 500 was relatively quiet during the trading session on Tuesday as traders wait for the Wednesday announcement from the Federal Reserve.

The market is probably looking for reason to go long given enough time, but we are likely to see buyers based upon value.

The euro has gone back and forth during the trading session on Tuesday as we wait to see what the Federal Reserve has to say late on Wednesday.

The British pound initially fell during the trading session on Tuesday to reach down towards the 50-day EMA, only to bounce again to form a bit of a hammer.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Tuesday as we continue to see crude oil outperform most other commodities.

The US dollar rallied a bit during the trading session on Tuesday to reach towards the 1.22 handle.

Bitcoin was trying to break out above the $40,000 level, and at the end of the session the market has not only broken above the $40,000 level, but it has also cleared the $41,000 level.

The price has room to rise beyond $42k if a breakout above $41k is achieved.

The resistance level at 1.4123 looks likely to remain pivotal.

The EUR/USD pair was little changed during the Asian session as traders focused on the previous and upcoming economic data from the United States and the Fed interest rate decision.

The AUD/USD pair tilted upwards after the positive news from Victoria.