Forex Daily Forecast, Analysis and Prediction

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Governor Wheeler spoke his piece earlier today and as a result the Kiwi dropped like a brick from a 3rd floor window.

Gold lost some ground against the American dollar yesterday as investors took a cautious stance and liquidated some of their positions prior to the release of the Federal Open Market Committee meeting minutes.

The $108 level continues to be resistance, and quite frankly I feel that this resistance area probably runs all the way up to the $110 handle.

I do see this is a market that is very negative at the moment, and any chance that the Federal Reserve is going to taper off of quantitative easing will absolutely crush this pair.

This shooting star of course is a negative sign, but I'm not necessarily looking for any type of meltdown anytime soon.

The NZD/CHF pair is one that I talk about often, but what I do love about this pair is that it shows the risk tolerance of traders in general.

GBP/USD hit its highest point since June - see what opportunities this presents with a free Forex signal from Andrew Keene.

See how one trader profited twice in one day - one EUR/USD and EUR/GBP - based on DailyForex's daily technical analysis.

The signs are bullish, but the strong resistance overhead is going to take more momentum to be broken.

After three consecutive days of gains, gold prices rose to its highest levels since June 19.

Last week's candle was bullish, closing close to its high, following the previous week's bullish reversal candle.

The bearish run on the AUD that has been ongoing since around March has resulted in an uptrend on other pairs, such as the EUR/AUD.

At this time of year, it's going to be difficult to breakout simply because the real money isn't in the market right now.

Unfortunately, certainty won't come into the marketplace until September.