Forex Daily Forecast, Analysis and Prediction

ETH/USD is facing a new onslaught of selling pressure early this morning, as it has failed to escape the clutches of downside price action.

BTC/USD remains under pressure in early trading this morning as the world’s largest cryptocurrency remains weighed down by nervous conditions.

There are strong resistance levels overhead.

The German DAX index initially gapped higher to kick off the week in the futures market on Monday, as it started to look like the traders were looking to take advantage of more of a “risk-on” type of situation.

Litecoin initially tried to rally on Monday but then gave back the gains to show signs of hesitation.

Neo fell again on Monday to kick off the week on the wrong foot.

The S&P 500 futures initially tried to rally a bit on Monday, breaking above the 4200 level.

The NASDAQ 100 broke down significantly on Monday to reach towards the 13,100 level in the futures market.

The US dollar rallied again on Monday to reach the crucial ¥118 level

The Bitcoin market initially fell on Monday, only to turn around and show a lack of follow-through.

The futures contract for the West Texas Intermediate Crude Oil market melted down early in the session on Monday, as talk of a potential cease-fire in Ukraine started to make the rounds again.

Gold markets fell again on Monday to reach towards the $1950 level in the futures market.

The euro rallied just a bit on Monday to kick off the week, threatening the 1.10 level.

The GBP/USD pair remained under pressure on Tuesday morning ahead of the latest UK jobs data.

The EUR/USD pair tilted higher on Tuesday morning as the market sentiment continued being mixed ahead of the FOMC decision and the crisis in Ukraine escalated.