Forex Daily Forecast, Analysis and Prediction

US retail sales numbers joined the list of releases which are fueling expectations of a raising of US interest rates soon.

The West Texas Intermediate Crude Oil market has gone back and forth on Tuesday, as we are hanging about the $81 level.

The US dollar initially pulled back towards the 50-day EMA to turn around and show signs of life again.

The CAC 40 Index rallied significantly on Tuesday as we continue to see the Parisian index go much higher.

The NASDAQ 100 rallied to break above the 16,300 level, showing signs of life yet again.

The S&P 500 rallied a bit on Tuesday to reach towards the 4700 level.

The euro initially tried to rally on Tuesday but gave back the gains to go looking towards the 1.13 level.

The British pound initially rallied on Tuesday but has given up gains yet again to go falling towards the 1.34 handle.

The gold markets initially rallied on Tuesday but sold off quite drastically to show signs of exhaustion.

The Aussie dollar initially tried to rally during the trading session on Tuesday but broke down to show signs of weakness yet again.

The Bitcoin market got hammered on Tuesday to crash into the $60,000 level.

The pair is trading between $1.3375 and $1.3475.

The BTC/USD pair dropped below the key support of 60,000 on Tuesday.

The AUD/USD pair declined slightly during the American session as the market reflected on US retail sales data and the dovish Reserve Bank of Australia.

The EUR/USD sell-off gained steam overnight as the market reacted to the strong economic data from the United States.