Forex Daily Forecast, Analysis and Prediction

All things being equal, NASDAQ is very strong, but it is also very stretched.

As things cool off in the Middle East you could see gold resumes its grind higher, but I think it’s probably going to be more of a grind and not a jolt, than anything else.

The Bitcoin market rose on Tuesday, as ETF inflows continue to show signs of life in the institutional space.

The US dollar fell against most currencies on Tuesday, and the British pound was no different.

The US dollar fell against the yen on Tuesday, as rates in the US also fell. At this point, I will be looking for value in the Greenback to get long again.

The US dollar fell against the Loonie on Tuesday, as we are trying to find support in the near term.

Euro rallied Tuesday, as rates in the United States have fallen. At this point, this is a market that is now testing the crucial 1.18 level again.

The DAX in Germany has risen a little bit on Tuesday, as headlines have suggested that the Iranians and Americans could be talking again soon. Interest rates falling also seems to help.

The GBP/USD exchange rate continued rising, reaching its highest level since February 17 this year. It has jumped by over 3.20% from its lowest point this year as traders focus on the upcoming UK macro data and falling tensions between the US and Iran.

The EUR/USD exchange rate continued its strong rally, reaching its highest point since February 27 this year as crude oil prices dropped amid renewed peace push. It has jumped by over 3% from the year-to-date low ahead of key statements by senior Federal Reserve .

The Australian dollar continued rising and was nearing the year-to-date high of 0.7185 as the US dollar retreated. The AUD/USD pair rose to 0.7130 on Wednesday, up from the year-to-date low of 0.6833 as focus shifts to the upcoming Australian jobs report.

Ethereum soared 9.5% in the past 24 hours to trade as high as $2,395 on Tuesday, reclaiming momentum and outpacing Bitcoin as the crypto market shakes off recent volatility.

The price has broken out to a fresh high, but the move is all US Dollar weakness and no Australian Dollar strength, despite the risk-on sentiment and long-term bullish trend in the Aussie.

Bitcoin was strong on Monday, as traders continue to watch institutions pile into the Bitcoin ETF markets.

The British pound started the week off poorly, as a massive gap started the week in chaos. However, the market has since turned things around, and it looks like the GBP/USD pair will be testing resistance soon.