Forex Daily Forecast, Analysis and Prediction

The Australian dollar initially tried to rally during trading on Tuesday but gave back those gains to fall towards the 0.6050 level.

The S&P 500 initially tried to take off to the upside but gave back the gains on Tuesday as we continue to see a lot of volatility.

The British pound fell initially during the trading session on Tuesday but bounced significantly to turn around and reach towards the 1.25 handle again.

The NASDAQ 100 initially tried to rally during the trading session on Tuesday but gave back the gains as it approached the 8000 level.

GBP/USD: Pound is relatively strong

EUR/USD: Heading for support at 1.0933

Ethereum collapsed below the psychologically significant $100 support level before recovering in unison with Bitcoin.

Singapore’s central bank, the Monetary Authority of Singapore (MAS), eased monetary policy as expected.

Japan released its first-quarter Tankan Survey, which showed service sector resilience.

Silver markets initially rally during the trading session on Tuesday but gave of the gains to form a bit of an inverted hammer.

Bitcoin has gone back and forth during the trading session on Tuesday, as we continue to sit still.

The gold markets have fallen a bit during the trading session on Tuesday, reaching down to the crucial $1600 level.

The West Texas Intermediate Crude Oil market initially rallied during the trading session on Tuesday to fill the gap from the Monday open.

New Zealand started planning for a post-Covid-19 economy. Finance Minister Robertson notes the country will require a massive nation-building program of infrastructure

After the first wave of selling pressure collapsed the cryptocurrency sector to multi-year lows, price action recovered amid a period of relative calm.