Forex Daily Forecast, Analysis and Prediction

The GBP/USD has attempted to bounce during the trading session on Tuesday as the selling pressure seems to be letting up a bit.

The USD/BRL closed near the 5.1037 level yesterday and a low of nearly 5.0700 was achieved.

Gold markets rallied a bit during the trading session on Tuesday to show signs of life again as the market has threatened to break above the $1750 level.

The US dollar has fallen against the Japanese yen to kick off the trading session on Tuesday, but found enough support near the ¥136 level to turn around and form a hammer.

The BTC/USD has been very quiet during the trading session on Tuesday as we continue to hang around the $21,000 region.

The Australian dollar has rallied during early trading on Tuesday to reach the 50 Day EMA but has also given back quite a bit of the gain.

The ETH/USD has gone back and forth during the trading session on Tuesday as we continue to trace the 50 Day EMA.

The West Texas Intermediate Crude Oil market has broken out of a falling wedge on Tuesday to show signs of life again.

The NASDAQ 100 initially tried to rally on Tuesday but continues to see a bit of trouble.

The S&P 500 has done almost nothing during the trading session on Tuesday as traders continue to wait for multiple central bank speakers at the Jackson Hole Symposium.

The EUR/USD price dropped to a new two-decade low as concerns about the European economy.

The AUD/USD price rebounded slightly as the recent US dollar rally took a breather.

The BTC/USD price moved sideways as investors reflected on the recent sell-off.

The EUR/USD exchange rate entered the new week's trading once again, determined to break the parity rate.

A surging US dollar threatens to end the nascent rally in the yen, just as speculators have abandoned betting on the Japanese currency.