Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair declined to the lowest level since November 2020 as Covid-19 risks remained.

The GBP/USD pair retreated during the American and Asian sessions after the latest UK inflation data and FOMC minutes.

The AUD/USD price declined to the lowest level since November last year even after Australia published strong jobs numbers.

The BTC/USD price is in a tight range as investors reflect on the recent impressive rally.

The AUD/USD has experienced additional selling momentum and stumbled towards support levels not traded since the middle of November 2020.

The USD/ZAR once again came within sight of the 15.00000 mark yesterday before seeing a slight reversal lower.

ADA/USD is trading above the 2.000000 level and this ratio could prove to be an interesting lynchpin if it is not punctured lower in the short term.

ETH/USD remains seemingly healthy and above the 3050.00.

The US dollar has rallied significantly during the trading session on Tuesday to break above the 1.36 handle.

The West Texas Intermediate Crude Oil market has pulled back just a bit on Tuesday, as it looks like we are hell-bent on testing the $65 level.

The FTSE 100 has gone back and forth during the trading session on Tuesday as we continue to hover just below the all-time highs.

The S&P 500 has pulled back during the trading session on Tuesday to break down through the bottom of the hammer from Monday.

The NASDAQ 100 has fallen a rather significantly as we are starting to see a lot of fear, as global growth situation concerns continue to be a major problem.

The gold market as gone back and forth during the trading session on Tuesday, initially shooting much higher but giving up gains rather quickly.

The Australian dollar has fallen rather hard during the course of the trading session as the market has been suggesting for a while could happen.