Forex Daily Forecast, Analysis and Prediction

Silver has gone back and forth during the trading session on Tuesday but settled on an upward move.

The Australian Dollar is powering to new highs, boosted by higher-than-expected Australian inflation data announced earlier today.

The GBP/USD pulled back a bit during the trading session on Tuesday, reaching the 1.23 level.

The AUD/USD had initially pulled back just a bit during the trading session on Tuesday, testing the crucial 0.70 level.

The USD/JPY was flat on Tuesday and Wednesday as investors showed no interest on the flash manufacturing and services PMI numbers.

The GBP/USD price drifted lower as technical chart patterns pointed to more weakness. It pulled back to 1.2260 after it rose to a monthly high of 1.2452 on Monday.

The euro continued moving sideways as investors continued reading the Fed and European Central Bank (ECB) tea leaves after the weak economic data.

The EUR/USD exchange rate entered the new week's trading at its highest level in nine months.

Spot natural gas prices (CFDS ON NATURAL GAS) advanced during their early trading on Tuesday, to consolidate their gains yesterday.

With the start of this week's trading, the Japanese yen declined in general against the rest of the other major currencies.

The GBP/USD exchange rate rose near its highest levels in six months.

The Dow Jones Industrial Average advanced its recent trading on the intraday levels, to achieve gains for the second session in a row, by 0.76%, adding the index to it about 254.07 points.

At the beginning of this week's trading, XAU/USD gold prices declined.

The TRY/USD recorded stability during morning trading today, Tuesday.

In a twist of irony, the Nifty 50 has been walking along the 50-Day EMA, which of course, is flat.