Forex Daily Forecast, Analysis and Prediction

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.

The Japanese central bank and the US Federal Reserve continue to raise the pace of US interest rates sharply this year, supporting the bulls’ control over the direction of the USD/JPY currency pair

The recent trading sessions are characterized by the presence of a strong and sharp struggle between bears and bulls to determine the direction of gold.

During last week's trading, GBP/USD rebounded sharply from its March 2020 lows and could look to extend its recovery in the coming days.

Get today's recommendation on the Lira against the Dollar

Spot natural gas prices (CFDS ON NATURAL GAS) settled on a decline in its recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.36%.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in a session characterized by volatility by -0.13%.

The Euro has rallied a bit to kick off the week, breaking above the 1.05 level.

The greenback has pulled back just a bit against the Canadian dollar during the Juneteenth holiday, as the market has dipped below the 1.30 level.