Forex Daily Forecast, Analysis and Prediction

The S&P 500 Index rallied a bit on Tuesday as we continue to see a lot of volatility and upward momentum.

The EUR/USD currency pair went back and forth Tuesday as nobody really knows what to do with themselves at this point.

The German DAX Index rallied significantly on Tuesday to break through a short-term resistance barrier.

The gold markets have pulled back again on Tuesday as we are now below the $1780 level.

The NASDAQ 100 Index was very volatile on Tuesday as we had no real certainty by the end of the day.

Ethereum fell a bit on Tuesday as we continue to look at the $2000 level above as a major resistance barrier.

The West Texas Intermediate Crude Oil market initially tried to rally on Tuesday but has also seen quite a bit of selling pressure.

The USD rallied a bit against the Japanese yen on Tuesday as we see quite a bit of upward pressure longer-term.

The AUD/USD currency pair pulled back a bit Tuesday to test the 0.70 level.

The BTC/USD currency pair pulled back a bit on Tuesday as we continue to see Bitcoin pullback from the crucial $25,000 level the $25,000 level.

The GBP/USD price rose slightly ahead of the upcoming UK consumer and producer inflation data and the relatively weak US housing numbers.

The BTC/USD price retreated to the lowest point since August 12 as demand for cryptocurrencies waned.

The AUD/USD price dropped to a low of 0.700 as the market reacted to the latest minutes by the Reserve Bank of Australia (RBA).

According to Vid data, Turkey's total revenues in July were about 196.98 billion Turkish liras, while expenditures were about 260.999 billion liras, bringing the total deficit in July to 64 billion liras.

Spot natural gas prices slightly increased in the recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 1.04%.