Forex Daily Forecast, Analysis and Prediction

The GBP/USD exchange rate reached multi-month highs last week after the US Federal Reserve and Chinese health officials appeared to inspire investors' appetite for risk assets.

The price of the TRY/USD stabilized during early trading today, Tuesday, without major changes.

For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside, after strong and sharp selling to the currency pair.

I have often indicated in the technical analysis of the XAU/USD gold price that the recent bullish rebound gains are sufficient to push the technical indicators towards overbought levels.

The dynamic buying of the GBP/USD over the past week and in reality the past two months may be resulting in a short-term test of its higher range.

The USD/MXN offers speculators a chance to test their short-term perceptions, which may be fueled by technical and contrarian sentiment.

The GBP/USD price pulled back as the recent rally started easing.

The EUR/USD price retreated as concerns about the pace of Fed’s rate hikes continued.

The BTC/USD price pulled back in the overnight session as investors embraced a risk-off sentiment.

The AUD/USD price plunged to the lowest level since November 30th as investors reacted to the latest interest rate decision by the Reserve Bank of Australia (RBA).

The USD/CAD has initially fallen against the Canadian dollar, breaking below the 50-Day EMA.

The S&P 500 has fallen hard during the trading session on Monday, as traders came back to a bit of a mess.

Unlike the rest of the stock markets that I follow, the Nifty 50 has been much more resilient.

The NASDAQ 100 has fallen during the trading session on Monday, showing signs of hesitation near the 12,000 level.

Gold markets initially tried to break above the $1800 level, but then got absolutely hammered during the trading session on Monday.