Forex Daily Forecast, Analysis and Prediction

The EUR/USD exchange rate reached an eight-month high last week.

Spot natural gas prices (CFDS ON NATURAL GAS) continued to decline during early trading on Tuesday.

The Dow Jones Industrial Average declined during its recent trading on the intraday levels, to record losses for the fourth consecutive day in trading on Monday, by -0.49%.

The price of the TRY/USD stabilized during early trading today, Tuesday, in the absence of any economic data affecting the dollar or the Turkish lira.

The USD/BRL has produced a rather consolidated range the past week and a half of trading, and has shown an ability to sustain it near-term higher values.

The USD/ZAR has produced a rather durable wide near-term range for speculators as national issues within South Africa seemingly have delivered a workable reality.

The GBP/USD price moved sideways as investors reflect on last week’s monetary policy decisions by the Fed and the BoE.

The EUR/USD price has been in a consolidation phase in the past few days as investors reflected on the American and European central bank decisions.

Bitcoin price dropped sharply as fears of a more hawkish Fed coincided with the rising fears of a major recession in the coming year.

The USD/CAD has pulled back just a bit during the trading session on Monday, as we continue to see a lot of noise.

The USD/JPY has initially fallen a bit during the trading session on Monday but then turned around to show signs of life again.

The S&P 500 has fallen during trading on Monday, as it looks like the sellers are starting to overwhelm.

The NASDAQ 100 plummeted again during the trading session on Monday as we continue to fall through the floor.

The AUD/USD has rallied a bit during the trading session on Monday, as we continue to the core all right along this uptrend line of the bullish channel.

The GBP/USD has rallied ever so slightly during the trading session on Monday, but it looks as if it is not quite ready to get aggressive to the outside yet.