Forex Daily Forecast, Analysis and Prediction

The Spanish IBEX 35 has captured my attention as we are continuing a big move from the previous session.

In the AUD/USD pair, the first thing I see is that we continue to look at the 0.67 level as crucial, as it has held up for support of action over the last several days.

In the NZD/USD pair, the first thing that captures my attention is the fact that the market is hanging around the 200 Day EMA.

The USD/MXN pair is one that has caught my attention, because we saw a big push higher right away in the early hours of Tuesday.

the GBP/USD pair has shown itself to be resilient, after initially dipping, only to turn around and show signs of life again.

The EUR/USD continued its plunge, reaching its lowest level in two years as the focus shifted to the upcoming European inflation.

The GBP/USD exchange rate remained on edge ahead of the upcoming UK consumer inflation report.

The AUD/USD pair plunged to its lowest level in over a month as the US dollar index rally continued.

Bitcoin continued its strong rally, soaring to its highest level since July 29 as the sentiment among investors rose.

Price action in the USD/BRL on Friday and Monday flirted with values seen in August and September, as financial institutions again have shown more nervousness with the Brazilian Real.

The possibility of a significant rebound in the GBP/USD exchange rate seems remote in the coming days.

At the beginning of this week, the euro continued to decline, reaching a support level of $1.0887, its lowest level in two months.

The Japanese yen has declined to the brink of 150 yen per US dollar, heading towards its lowest levels since early August.

At the beginning of this week's trading, the price of gold jumped to the resistance level of $ 2,666 per ounce, as geopolitical tensions in the Middle East region increased.

The USD/SGD has seen additional movement higher in early trading this morning, but has reversed slightly lower.