Forex Daily Forecast, Analysis and Prediction

DOGE/USD has moved within sight of 14 and half cents in early trading this morning.

Bitcoin has rallied a bit during the trading session on Tuesday to reach the $41,250 level.

The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Tuesday to reach the $102 level.

The Ethereum market rallied during the trading session on Tuesday to show signs of life, as the $3000 level has been significant support.

The US dollar has had an explosive trading session on Tuesday to break above the 50 Day EMA.

Gold markets have fallen rather hard during the trading session on Tuesday to break down below the $1970 level.

The US dollar has found buyers during the trading session on Tuesday against most currencies, and of course, the Mexican peso was going to be no different.

The Euro has rallied ever so slightly during the trading session on Tuesday to test the 1.08 level, an area that previously had been so supportive.

The ZCash market rallied during the trading session on Tuesday to clear the 50 Day EMA and show signs of bullish pressure.

The Australian dollar rallied a bit during the trading session on Tuesday to show signs of strength, reaching the 0.74 level before pulling back.

The S&P 500 initially dipped on Tuesday, but then turned around to show signs of strength.

The EUR/USD pair is hovering near its lowest level since 2020 after the strong US housing data and the IMF warning about the global economy.

The AUD/USD brushed off the latest minutes by the Reserve Bank of Australia (RBA) and the global economic downgrade by the IMF.

The GBP/USD pair is trading at an important support level as investors reflected on the strong warning by the IMF about the US economy.

The BTC/USD pair rebounded sharply as sentiment in the crypto industry improved.