Forex Daily Forecast, Analysis and Prediction

The French markets rallied initially on Tuesday to reach the €6000 level, but the CAC could not hold on to the gain.

The S&P 500 did rally a bit on Tuesday, showing signs of life again, but at this point it’s likely that we will continue to cease selling pressure eventually.

The West Texas Intermediate Crude Oil market initially rallied on Tuesday but gave back gains at the 50-day EMA again.

Ripple initially showed signs of life Tuesday but did very little in the way of momentum.

Gold markets initially tried to go higher on Tuesday but fell hard after the initial move during the day.

Ethereum markets initially tried to rally on Tuesday but gave back gains near the $1200 level as we continue to see a lot of negativity in the crypto market.

Bitcoin rallied a bit on Tuesday as we continue to see a lot of noisy behavior.

The euro initially rallied on Tuesday to reach the 1.06 level but continues to offer a bit of a resistance barrier.

The British pound rallied a bit on Tuesday but gave back gain to show signs of hesitation yet again.

The German DAX Index initially rallied on Tuesday to reach the €13,450 level before turning back around.

The euro is holding up relatively well against the stronger dollar.

The GBP/USD price continued to consolidate as investors waited for the upcoming UK consumer and producer inflation data.

The BTC/USD price drifted upwards as the market mood improved.

The AUD/USD pair remained in a consolidation phase as investors focus on the recent minutes by the Reserve Bank of Australia (RBA).

During last week's trading, the EUR/USD exchange rate rose again from the edge of a five-year low last week.