Forex Daily Forecast, Analysis and Prediction

USD/JPY rally attempts stopped at the 109.06 resistance, pending US economic growth figures and the announcement of Federal Reserve decisions.

NZDUSD: Bearish below 0.6350 area

AUDUSD: Bullish but beware of 0.6880

USDJPY: Bullish above 108.79

The US dollar has gone back and forth during the trading session on Tuesday as traders are awaiting the results of the FOMC interest rate decision and of course the statement.

The Euro initially fell during the trading session on Tuesday, reaching down towards the 1.1075 level underneath.

The Australian dollar has rallied a bit during the trading session on Tuesday, as we have reached towards the highs that have been tested several times.

The NASDAQ 100 has pulled back a bit during the trading session during Tuesday, reaching towards the 8050 handles.

As the Brexit situation continues to be as clear as mud, the British pound doesn’t really know what to do.

Looking at the NASDAQ 100, you can see that we have tried to rally significantly during the trading session but has also given back quite a bit of those gains as we struggled at the 3050 level.

Natural gas markets have rallied significantly during the trading session on Tuesday, reaching towards the $2.68 level late in the day.

Bitcoin had exploded to the upside during the weekend trading as the Chinese President suggested that China was looking forward to exploring the block chain and touted the benefits of all things related to block chain.

The West Texas Intermediate Crude Oil market has initially fallen during the trading session as we dipped towards the $55 level and even below it initially but bounced enough to form a hammer.

Gold markets have fallen a bit during the trading session on Tuesday but have also bounced from the lows to turn around and show signs of resiliency.

Volatility remains elevated after last week’s Bitcoin induced bullish move, but price action across the sector has fizzled out and most cryptocurrencies are under selling pressure.