Forex Daily Forecast, Analysis and Prediction

The euro drifted a little bit lower during the session on Tuesday, but at the end of the day we are running out of momentum.

The FTSE 100 rallied a bit during the trading session on Tuesday as we continue to reach towards higher levels.

The S&P 500 pulled back during the trading session on Tuesday to reach towards the 4200 level.

The NASDAQ 100 initially tried to rally during the trading session on Tuesday as we continue to see money flow into the marketplace.

The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Tuesday but then turned around to show signs of life again.

We still have a lot of work to do, and gold may be looking for some type of catalyst to finally get going.

The Bitcoin market broke down significantly during the trading session on Tuesday to slice through the bottom of the symmetrical triangle that we have seen.

This is a market that seems to be doing almost nothing, so I have not been trading it.

The Ethereum market fell a bit during the trading session on Tuesday to break down below the $2500 level.

Bitcoin briefly hit a 2-week low price.

The pair has been ranging for three weeks.

The EUR/USD price was little changed in the American and Asian sessions as attention shifted to the upcoming European Central Bank (ECB) decision and US inflation data.

The AUD/USD pair was little changed after the latest Australian consumer sentiment data and the relatively strong China inflation numbers.

The return of the weakness of the US dollar contributed to a positive start for the gold price in this week's trading, reaching the psychological resistance level of $1900 again.

The US dollar's temporary recovery pushed the GBP/USD pair to the support level of 1.4083, but the pair rebounded upwards as we expected and moved towards the resistance level 1.4191 before settling around the 1.4178 level at the time of writing.