Forex Daily Forecast, Analysis and Prediction

The EUR/USD exchange rate is poised to decline for the third consecutive day, driven by a decline in September's Eurozone inflation figures and diverging communications between global central banks.

The downwards momentum in the NZD/USD the past two days of trading has brought the currency pair back to curious technical support ratios which are likely to attract speculative wagers.

The price of gold has rebounded above $2,670 per ounce after two consecutive sessions of decline.

The Japanese yen fell below 144 against the US dollar, falling for the second consecutive session, after US Federal Reserve Chairman Jerome Powell dismissed bets on further large cuts to US interest rates.

Last night’s barrage of missiles into Israel certainly caused nervousness in financial institutions and the USD/ILS did trade upwards.

The Euro Stoxx 50 fell rather significantly during the trading session on Tuesday, which is not a huge surprise considering that CPI is now below the 2% target that the ECB dictates.

The US Dollar has strengthened as the prospect of all-out war in the Middle East grows following Iran’s attack on Israel. The price seems to have made a convincing top, so the outlook is bearish but consolidative over the short term.

The Gold market is probably going to remain somewhat elevated, but it's also going to be a situation where we're probably going to try to work off some of this excess froth.

The US dollar initially did rally against the Canadian dollar but then plunged later as we had received a little bit of soft economic news.

The West Texas Intermediate Crude Oil Market, or US oil, skyrocketed after initially falling during the trading session.

EUR/JPY: The Euro initially did rally a bit during the course of the trading session on Tuesday, only to turn around and fall rather significantly.

The USD/PHP currency pair has caught my attention as it shows just how strong the US dollar is trying to become.

EUR/USD: The Euro stands out as it has plunged quite drastically.

The GBP/USD pair has caught my attention due to the fact that it has been so negative.

The USD/CHF pair captures my attention due to the fact that it seems like we are hell-bent on continuing the overall consolidation that we had seen for some time.