Forex Daily Forecast, Analysis and Prediction

AUD/USD: Price likely to react strongly to FOMC release later

August inflation increased more than forecast in Brazil, and President Jair Bolsonaro appealed to the patriotism of vendors during the Covid-19 crisis.

USD/JPY: Yen standing out after long dull patch

The US dollar has fallen again during the trading session on Tuesday, as we continue to see the Japanese yen strength and overall.

The S&P 500 rallied quite significantly during the trading session, slamming into resistance yet again during the day on Tuesday.

Bitcoin traders trying to break towards the $11,000 level on Tuesday but have given back the gains to form a less than inspiring shooting star.

BTC/USD: Room to rise to $11,460

The Australian dollar has initially pulled back a bit during the trading session on Tuesday only to see strength again after the RBA came out with its announcement.

GBP/USD: Strong support above 1.2750

The NASDAQ 100 has rallied a bit during the trading session on Tuesday, slamming into the 11,500 level.

Silver markets rallied after gapping slightly higher at the open on Tuesday again.

The Euro rallied during the trading session on Tuesday, reaching towards 1.19 level again.

EUR/USD: Price stabilizes ahead of FOMC release due later

The gold markets out there continue to be stuck in a symmetrical triangle, as we tried to rally during the trading session but then fell back down on Tuesday.

The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Tuesday and even managed to hang on to the gains overall.