Forex Daily Forecast, Analysis and Prediction

In an attempt to further rebound the EUR/USD price, the pair rose towards the 1.0889 resistance level yesterday before stabilizing around the 1.0850 level at the time of writing the analysis.

Gold prices dipped on Wednesday from yesterday's highs near $2,365 an ounce.

The Euro broke higher during the course of the trading session on Tuesday, as we are now above the 170 Yen level.

The currency pair continues to create downwards momentum.

The decline in the NZD/USD likely was influenced by the better than expected Consumer Confidence reading from the U.S yesterday.

The Euro rallied slightly during the trading session on Tuesday as we continue to pay close attention to the 0.85 level.

The US dollar initially fell during the trading session on Tuesday but turned around to show signs of strength against the Mexican peso.

The US dollar has bounced a bit over the last couple of days against the Indian rupee.

The British pound initially pulled back during trading on Tuesday but has found its footing a bit against the Swiss Franc.

The British pound has rallied significantly during the trading session on Tuesday.

The S&P 500 did very little in the early hours on Tuesday, but quite frankly we are just in the midst of consolidation after a huge move higher.

The German DAX has initially tried to rally during the trading session on Tuesday but gave back gains rather quickly.

The Australian Dollar has a bullish long-term trend, being up over both 3 months and 6 months.

The Hong Kong 50 index initially rallied during the early hours on Tuesday but has given back the gains at the 19,000 Hong Kong dollars level.

The Norwegian krone has been strengthening for some time. It looks like we are digging into an area that has been somewhat supported.