Forex Daily Forecast, Analysis and Prediction

The US labor market results this week will be under close watch by forex investors, because it will lead to a strong response to the US dollar.

The US dollar has exploded to the upside during the trading session on Tuesday against the Japanese yen, slicing through the tight range that we have been in for some time.

The EUR/USD pair continued its bullish correction, with gains reaching the 1.1195 resistance level.

The British pound rallied significantly during the trading session on Tuesday, reaching towards the 1.2550 level and even extending above there for a little bit of time.

The Euro rallied significantly again during the trading session on Tuesday, after initially pulling back.

The NASDAQ 100 has had a choppy session on Tuesday, forming a neutral candlestick as we have gone back and forth.

The Australian dollar has rallied yet again during the trading session on Tuesday as the risk appetite trade has gotten a bit out of control.

The US dollar has fallen against the Brazilian Real during the trading session on Tuesday, slicing through the 50 day EMA again, and closing towards the bottom of the range.

The silver market had a rough trading session on Tuesday, as the $19.00 level continues offer massive resistance.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Tuesday, finally entering the gap and thereby looking highly likely to fill that gap over time.

USD/JPY: Real story is weak Japanese Yen

BTC/USD: Yet still supported from $9,000 / $9,500 area

GBP/USD: Testing key round number at 1.2600

EUR/USD: New 50-day high closing price yesterday

The gold markets have initially tried to break out during the trading session on Tuesday but then pulled back to reach into the middle of the triangle from a longer-term standpoint.