Forex Daily Forecast, Analysis and Prediction

Gold markets broke down a bit on Tuesday to slice through the $1740 region, an area that has been supportive for a while.

Bitcoin markets initially tried to rally on Tuesday but then gave back gains yet again to show signs of exhaustion.

The S&P 500 fell significantly on Tuesday as we continue to test the downside based upon fear and interest rates rising in the United States.

The NASDAQ 100 fell rather hard on Tuesday to reach down and break the bottom of the lows from last week.

The US dollar rallied against the Canadian dollar on Tuesday to break towards the 1.37 handle, and as a result it is likely that we will continue to see this market hang in the same consolidation and grind a bit higher.

$42,663 looks likely to be today’s pivotal point.

The price is trading at a new 8-month low on high volatility.

The EUR/USD retreated in the overnight session as global risks continued rising and as US bond yields rose.

The AUD/USD declined as investors reflected on the growing risks of a US government shutdown and stagflation.

The Euro has drifted lower during the bulk of the month of September, reaching down towards the 1.17 level.

The NASDAQ 100 has been in an uptrend for what seems like ages, and I think that might continue to be the case.

The S&P 500 has been drifting a little bit lower over the last several weeks, as September has been a little bit difficult.

The US dollar has rallied significantly in September against the South African Rand, setting up a potential attempt to break out above a resistance barrier.

Gold markets have been slumping during most of the September month, reaching down towards the $1750 level multiple times.

The AUD/USD tilted higher as investors cheered the ongoing vaccination progress in Australia and the reopening plan in New South Wales (NSW).