Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair rose to the highest level since June 17th after the Federal Reserve delivered another 0.75% rate hike on Tuesday.

The price of gold crept higher as investors started the countdown to the conclusion of the main Federal Reserve meeting where US interest rates are expected to rise significantly.

Amid bearish momentum, and for three trading sessions in a row, the USD/JPY currency pair is settling in narrow ranges between the support level of 135.56 and the level of 136.90

Sterling was stronger against the euro, dollar, and other currencies in the last week of July as global investor sentiment improved due to outperformance.

New reports of restricted Russian gas supplies to Europe are adding pain to the euro exchange rate.

The Turkish lira is continuing its decline against the dollar despite the early decline of the dollar against most major currencies this morning.

Spot natural gas prices continued to rise in recent trading at intraday levels, to achieve new daily gains until the moment of writing this report, by 1.73%.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in its last sessions, by -0.71%.

The USD/MXN is near important support levels as the U.S central bank awaits, but considerations regarding the price of WTI Crude Oil may be the critical factor.

The USD/JPY has produced almost seemingly polite incremental gains the past two days of trading and is approaching intriguing short term resistance.

The AUD/USD pair tried to rally during the early hours of Tuesday but then fell as the 50-day EMA continues to see a lot of interest.

The West Texas Intermediate Crude Oil market initially tried to rally on Tuesday but gave back gains as we got a little bit too close to the $100 level.

The NASDAQ 100 broke down a bit Tuesday to reach the 50-day EMA.

The S&P 500 drifted a little bit lower on Tuesday as we continue to hear a lot of noise more than anything else.

The gold markets rallied Tuesday only to give back the gains to form a bit of a shooting star.