Forex Daily Forecast, Analysis and Prediction

The gold market rallied on Tuesday as rates drifted a little lower in the United States. With this, the same correlations are playing out in the metals markets.

The Nasdaq 100 continues to see buying pressure on Tuesday, despite the fact that it seems overextended. With this, the path of least resistance is still higher, but pullback could and should be expected.

Silver continues to be very volatile, but as rates drifted a little lower on Tuesday, the silver market took advantage of it.

The US dollar dropped a bit against the Loonie on Tuesday, but have since seen a bit of help.

The DAX rose significantly on Tuesday, as we continue to see a lot of noise in the European indices.

The Euro continues to see choppiness at the point, as the interest rate markets in both the USA and Germany are elevated. Nonetheless, this is a market that will remain lackluster as we are still in consolidation.

Natural gas has fallen on Tuesday, as the demand season for natural gas has passed us. At this point, I remain bearish of natural gas.

The US dollar has been back and forth against the Swiss franc, as the markets are paying close attention to the

Despite the short-term bearish trend, the pair remains near a 3-year high, but has traded without much direction for several days, making prediction challenging.

The US dollar dropped to kick off the week, but has since bounced back a bit to show signs of resilience.

The Euro has seen a lot of noise lately, but with the US rates rising in early Monday trading, the only direction was down.

The German index did fall to kick off the trading session on Monday, as the yields in Germany continue to be “sticky.”

The gold market dropped a bit in the early part of the Monday session, as we continue to see interest rates move the metals markets.

The silver market has seen quite a bit of volatility over the last several weeks, and unfortunately, I don’t think this changes anytime soon.