Forex Daily Forecast, Analysis and Prediction

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.

The USD/INR has seemingly become consolidated, but this may prove to be short-lived as equilibrium is sought and quick price fluctuations remain active.

ETH/USD has fallen in price overnight and the broad cryptocurrency market has seen a plunge via other major digital assets too.

The bullish performance of gold continues despite the strength of the US dollar.

The gains of the USD/JPY reached the resistance level of 114.31 before settling around 114.15 as of this writing, awaiting the announcement of US retail sales figures, which directly affect investor sentiment.

The British pound has once again defied the strength of the US dollar.

The EUR/USD continued its biggest decline since late September last week.

The British pound rallied a bit against the US dollar over the last 24 hours, breaking 48 hours’ worth of resistance.

The euro plunged yet again on Monday to slice below the 1.14 level.