Forex Daily Forecast, Analysis and Prediction

The US dollar turned around against the Japanese yen on Tuesday as we had broken below the ¥132.50 level.

Gold markets rallied a bit Tuesday only to find a lot of resistance near the 50-day EMA.

The NASDAQ 100 index rallied a bit during the session again on Tuesday, but just as we had seen on Monday, the 13,000 level seems a bit too much for the market to overcome.

The S&P 500 went back and forth Tuesday as we continue to show a bit of hesitation.

The US dollar strengthened Tuesday as the euro continues to act as a punching bag.

The West Texas Intermediate Crude Oil market rallied a bit Tuesday as we continue to hang around the 200-day EMA.

Ethereum markets initially dipped on Tuesday but then turned around to show signs of life.

The BTC/USD currency pair did very little Tuesday as we continue to dawdle around the $24,000 level.

The GBP/USD currency pair pulled back a bit Tuesday as we continue to see the British pound rally yet struggle to hold on to the gains.

The EUR/USD price continued its downward trend as tensions between the US and China continued.

The BTC/USD price continued struggling during the Asian session as the market reacted to the mixed session on Wall Street.

The AUD/USD price retreated sharply after this month’s interest rate decision by the Australian central bank.

The exchange rate of the euro against the dollar achieved only partial gains compared to the decline of the US dollar in recent days.

The price of gold extends its gains with the weakness of the US dollar index DXY, and mixed Treasury yields as markets start in August in the red.

As the performance by the end of last week's trading, the USD/JPY currency pair completed the downward path, extending its losses towards the 131.60 support level