Forex Daily Forecast, Analysis and Prediction

At the beginning of yesterday's trading, gold price jumped to $1981, the highest in history.

Will the recent US dollar collapse affect the monetary policy decisions of the US Federal Reserve today?

For eight consecutive trading sessions, the GBP/USD pair was in an upward correction range, taking advantage of the decline in the US dollar.

The USD/RUB is nearing the end of its counter-trend advance that took it into its short-term resistance zone.

For three straight trading sessions, the EUR/USD pair stabilized around its highest level since September 2018, at the 1.1781 resistance, before settling around 1.1730 at the time of writing, ahead of the announcement of the results of the most important event for this week, which is the monetary policy decisions of the US Federal Reserve Bank later today.

Lothar Heinz Wieler, the President of the Robert Koch Institute (RKI), blames negligence for the rise in Covid-19 infections across Germany.

AUD/USD: New 1-year high price made below 0.7200

The Euro has initially tried rallying during the trading session on Tuesday but gave back the gains to test the 1.17 handle.

The S&P 500 initially rallied during the trading session on Tuesday but gave back the gains to reach towards the 3210 level.

USD/JPY: 105.00 area technically very significant

BTC/USD: Room remains for lots of upside

The NASDAQ 100 has initially tried to rally during the trading session on Tuesday but seems as if it is stuck in a channel, at least in the short term.

The Australian dollar had a choppy session on Tuesday, initially trying to rally before breaking down towards the 0.71 handle.

GBP/USD: British Pound slightly stronger than Euro

The Singapore Dollar has consolidated the past day and still lingers near crucial support levels. The 1.37750 mark is remarkably close but has not been challenged.