Forex Daily Forecast, Analysis and Prediction

The USD/JPY may continue to move in a narrow and limited range until the release of US inflation figures, the most powerful factor affecting the performance of the US dollar in the Forex market this week.

New pressure factors for the pound prevented the GBP/USD pair from breaking through the crucial 1.4200 resistance, instead settling around the 1.4150 level at the time of writing.

A state of cautious stability dominates the performance of the EUR/USD pair since the beginning of this week's trading, awaiting the monetary policy decision of the European Central Bank.

The British pound initially pulled back during the session on Tuesday but turned around to show signs of strength again as we continue to bang up against the 1.42 handle in general.

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.