Forex Daily Forecast, Analysis and Prediction

The EUR/USD sell-off continued as US bond yields soared to the highest point in months as doubts about the next actions by the Federal Reserve rose.

The AUD/USD pair slipped to the lowest level in over a month after the International Monetary Fund (IMF) warned about the Australian economy. It fell to a low of 0.6653, much lower than the year-to-date high of 0.6942.

Bitcoin price has remained in a tight range this week as investors waited for the next catalyst. The BTC/USD pair has remained at around 67,500, where it has been in the past few days.

The Australian index fell rather hard during the early hours on Tuesday, but it does look like we are trying to hang around the 8200 Australian dollars level.

The Canadian dollar has rallied a bit against the Japanese yen during the trading session on Tuesday.

The New Zealand dollar has rallied a bit during the trading session on Tuesday, as it looks like we might possibly be trying to form a little bit of a falling wedge.

In my daily analysis of the gold market, it’s quite easy to say that we are in a bullish trend, and I think that will continue to be the case.

During my daily analysis of the GBP/USD pair, the first thing I understood by looking at the chart is just how hesitant we are to make a bigger move.

The US dollar has been all over the place in my daily analysis, and as for the USD/CHF pair is concerned, it’s obvious that we are at the top of a strong move.

As I look at the Euro, the first thing I see is that we tried to rally a bit during the early hours on Tuesday, only to give up those gains and show signs of hesitation.

During my daily analysis of the West Texas Intermediate Crude Oil market, it’s obvious that we have seen a lot of buying pressure on Tuesday.

During my daily analysis of the GBP/CHF pair, the market looks very sideways, I think that will probably continue to be the case over the next couple of days.

The Nasdaq 100 initially pulled back just a bit during the trading session on Tuesday, but it does look like it's going to push its way higher.

The USD/BRL has climbed back to elevated highs and surpassed heights seen in mid-August and September; this as financial institutions likely consider nervous outcomes.

The USD/SGD has continued to creep higher technically and is near values seen in the middle of August, this as global financial institutions have clearly started to become cautious as the U.S election approaches.