Forex Daily Forecast, Analysis and Prediction

The British pound has been strong against the Swiss franc for a while now and is currently facing a barrier that could end up being important.

The 8,000 Euro level in the CAC is something that most people are watching from what I can see.

The Euro has rallied nicely on Monday against the Loonie, as we may have just found institutional buying.

The Euro jumped on Monday in a “dead cat bounce” from what I see. At this point, being a bit patient will more likely than not pay off.

The US Dollar fell against the Japanese Yen on Monday as traders are worried about the 160 level due to previous action.

The Nasdaq 100 jumped a bit in early trading on Monday, as we continue to see a lot of volatility int this index.

Silver has found buyers on the latest dip for Monday, as we continue to see a lot of interest.

Bitcoin continues to see a bit of upward pressure, as we are trying to turn the entire market around.

The gold market continues to bounce around quite a bit, as we see the US dollar causing noise.

Nvidia looks like a market that will be moving soon, and quite frankly, it’s about time. With the GTC Conference starting today, a headline should get this stock moving.

The GBP/USD pair moved sideways on Tuesday as investors focused on the ongoing Iran war and Donald Trump's pressure on countries to help reopen the Strait of Hormuz. The pair was trading at 1.3310, up slightly from this month's low of 1.3218.

The BTC/USD pair continued its strong uptrend as it jumped to the highest level since February 4. It rose to 75,000, up by 25% from its lowest level this year.

The AUD/USD exchange rate rose slightly after the Reserve Bank of Australia (RBA) delivered its second interest rate decision of the year. It rose to 0.7065 on Tuesday, up slightly from this month's low of 0.6940.

Higher realms continue to be seen in the USD/MXN as it trades around the 17.86000 ratio, this as nervousness is demonstrated by financial institutions who remain cautious globally.

There is a medium-term descending price channel which continues to hold the price lower, but the price action is ascending from the low and looks likely to test pivotal resistance.