Forex Daily Forecast, Analysis and Prediction

Yesterday's trading session was the most important for the bulls to gain more control over the direction of the USD/JPY currency pair.

Gold futures fell after a higher-than-expected US inflation report in August

The GBP/USD pair retreated after the latest UK jobs data.

The EUR/USD pair declined sharply in the overnight session as the market reflected on the strong American consumer inflation data.

The AUD/USD price made a sharp reversal after the latest American inflation data.

My previous signal last Thursday was not triggered as unfortunately the bullish turn at the day’s low took place below $19,182.

The West Texas Intermediate Crude Oil market has initially tried to rally but gave back gains rather quickly as we have seen inflation numbers come out much stronger than anticipated.

The S&P 500 initially tried to capture the 200-day EMA but gave it up rather quickly.

The NASDAQ 100 has gapped lower to kick off the session on Tuesday as the CPI numbers came out much hotter than anticipated.

Ethereum has gotten hammered for over 7% during the trading session on Tuesday, as the US dollar spiked.

The BTC/USD fell rather hard during the trading session on Tuesday as the US dollar took off.

The USD/JPY rallied during the trading session on Tuesday as we initially pulled back, only to see the CPI number come out much hotter than anticipated.

The GBP/USD initially tried to rally on Tuesday but found a lot of resistance just above as the CPI number in the United States came out much hotter than anticipated.

The AUD/USD rallied a bit during the trading session on Tuesday only to find the 50-Day EMA to be too much to overcome.

Gold has fallen hard during the trading session on Tuesday after the US CPI numbers came out much hotter than anticipated.