Forex Daily Forecast, Analysis and Prediction

The British Pound has been very volatile against the Swiss Franc as of late, but it looks like Wednesday is going to be a little bit of a breather just waiting to happen.

The Japanese yen has settled back to around 159.93 against the US dollar after threatening to breach a key psychological level of 160.

Weak sentiment has kept GBP/USD from gaining ground since the start of this week's trading, with its gains not exceeding the 1.2702 resistance level.

EUR/USD’s attempts to rebound higher at the start of this week’s trading failed, with gains not exceeding 1.0746, as it quickly returned to its strongest downward path.

The weakness of the strength factors and the continued gains of the US dollar contributed to the selling of gold.

Trading in the NZD/USD pair has been choppy, but has found the lower values of its known range a testing ground the past few days.

The USD/BRL has remained within the upper levels of its price range for a handful of days.

The US dollar has rallied significantly during the trading session on Tuesday against the Norwegian krone, breaking above the 10.6 level.

The US dollar initially pulled back slightly against the Swiss franc during early trading on Tuesday.

During the early hours on Tuesday, we have rallied a bit to show signs of life in the US dollar as we are testing the 18.25 South African Rand level.

The US dollar has rallied a bit during the trading session against the Mexican peso.

he ASX200 rallied initially during the trading session on Tuesday but gave back some of the gains.

The US dollar initially fell hard against the Canadian dollar during trading on Tuesday, but the 1.36 level continues to be an area of significant support.

The New Zealand dollar has pulled back slightly during the trading session on Tuesday.

Australian CPI Increased from 3.6% to 4.0%.