Forex Daily Forecast, Analysis and Prediction

The GBP/USD has rallied a bit during the trading session on Friday, as we continue to see a bit of a recovery of European-related currencies.

The BTC/USD has pulled back just a bit during the trading session on Monday, as we continue to see very quiet trading.

The GBP/USD price continued rallying on Tuesday morning as the US dollar continued retreating.

The EUR/USD price surged above the parity level on Monday as the market reacted to the relatively strong German industrial production data.

The AUD/USD price moved sideways on Tuesday morning as investors assessed the happenings in China following the weak trade numbers.

The USD/JPY is near the 146.900 mark as of this writing with the typical high intensity price action the currency pair frequently displays.

As of this morning the USD/MXN is trading near the 19.46250 ratio, while the currency pair has remained locked within a strong selling environment.

Swing low looking most likely to hold.

The USD/CAD has been somewhat quiet during the trading session on Monday as we continue to hang around the 50-Day EMA.

The S&P 500 has rallied a bit during the trading session on Monday, as we continue to see a lot of volatility.

The NASDAQ 100 has rallied about 1% during the trading session on Monday, as we are hanging around the 11,000 level.

The EUR/CHF pair has been hanging around the 0.99 level for a couple of weeks now, trying to figure out whether it is going to find enough momentum to go higher, or if it is going to turn around and break down again.

The AUD/USD has gapped lower during the trading session on Monday, as it looks like the fear trade started back up, but having said that, we have turned around to show signs of life again.

The price of the TRY/USD has stabilized, in complete disregard of the economic data that affects the movement of the two currencies.

The European single currency, the euro, benefited from a broad decline in the US dollar before last weekend.