Forex Daily Forecast, Analysis and Prediction

The S&P 500 fell initially on Tuesday, but then turned around to show signs of life again.

The NASDAQ 100 broke down a bit on Tuesday as we have continued to see a lot of noisy behavior in the markets.

Gold markets initially pulled back a bit on Tuesday but found enough support underneath to continue going higher.

Bitcoin markets initially fell a bit on Tuesday but then turned around to show signs of life again.

The West Texas Intermediate Crude Oil market initially dipped on Tuesday but has found support yet again like we did on Monday.

The Monero market fell ever so slightly on Tuesday as we have started to see signs of life yet again.

The Ethereum market fell a bit on Tuesday but turned around to show signs of life again.

The EUR/USD pair declined slightly as traders waited for the upcoming Federal Open Market Committee (FOMC) interest rate decision.

The BTC/USD pair made a strong recovery after its deep sell-off during the weekend.

The AUD/USD pair tilted lower in the morning as investors reacted to the strong Australian Consumer Price Index (CPI).

During the beginning of this week's trading, gold prices continued to rise, as investors sought to buy safe assets amid intense selling in global stock markets.

At the end of last week’s trading, the price of the USD/JPY currency pair moved amid bearish momentum, which subsequently moved towards the 113.46 support level

The bears succeeded in pushing the price of the GBP/USD currency pair to breach the most important 1.3500 support.

The EUR/USD exchange rate recovered in early January last week when global market volatility and heavy selling in US bonds wrecked the yield advantage that could keep the US dollar and Euro weak.

ADA/USD has broken through critical support levels and is testing values not demonstrated since February of 2021.