Forex Daily Forecast, Analysis and Prediction

The USD/NOK currency pair captured my attention as a search for trading opportunities in the exotic currency pairs.

The first thing I see is that we have in fact plunged.

The market had recently broken out, and now it looks like it is trying to confirm that breakout.

The Euro has rallied a little bit during the early hours on Tuesday as we continue to see the Euro try to build a bit of a base against the Swiss franc.

It’s obvious that we have broken out to the upside as far as the greenback is concerned.

The FTSE 100 has fallen rather significantly.

The GBP/USD pair retreated to its lowest point since September 12 as the US dollar bounced back.

The EUR/USD exchange rate continued falling this week ahead of the upcoming Federal Reserve minutes and US consumer and producer inflation data.

The AUD/USD exchange rate retreated for six consecutive days, reaching a low of 0.6715, its lowest point since September 16.

The euro attempted to recover a bit during the early hours on Tuesday, as we continue to look for some type of bottom.

Bitcoin is doing little and will not be in focus for most traders looking across a range of asset classes other than cryptocurrencies.

The German index initially pulled back just a bit during the early hours on Tuesday but seems to be finding the area just below the 19,000 level as important enough to turn things around and have traders jumping in the market.

The US dollar initially fell a bit during the trading session on Tuesday against the Indian rupee, testing the 84 level.

The S&P 500 initially pulled back just a bit during the trading session on Tuesday, only to turn around and show buyers jumping back into the market, as it looks like we are trying to do everything we can to continue the overall uptrend.

Gold price recorded its first weekly loss after trading in the green for three consecutive weeks.