Forex Daily Forecast, Analysis and Prediction

The GBP/USD currency pair retreated slightly as the recent strong rally stalled.

The EUR/USD exchange rate pulled back sharply as the recent rally faded ahead of key European and US economic data.

Bitcoin remained on edge overnight as demand for the coin waned.

The AUD/USD pair has stalled at an important resistance level as investors assessed the next actions by the Federal Reserve and the Reserve Bank of Australia.

Yesterday, the gold price fell towards the support level of $2,503 per ounce but quickly rebounded to stabilize around the resistance level of $2,525 per ounce.

The Pound Sterling is maintaining positive momentum.

The EUR/USD exchange rate is in an undeniably bullish trend.

The USD/JPY currency pair failed to rebound upwards during yesterday's trading, failing to exceed the 145.17 level.

During my analysis of the NASDAQ 100 on Tuesday, the first thing I noticed is that we are bouncing around an area that has been important more than once.

The US dollar initially tried to rally a bit during the course of the trading session only to drop towards the 0.84 level.

The ability of the USD/SGD to touch a low of nearly 1.29980 early this Monday highlighted the strength of the Singapore Dollar as it challenged levels within the currency pair that had last been seen in November of 2014.

The euro initially did rally against the yen during the trading session on Tuesday but has been completely wiped out at this point.

After the overreaction and fall of the NZD/USD in the immediate wake caused by the interest rate cut in New Zealand, financial institutions began to show a bullish outlook.

The British pound has rallied pretty significantly during the trading session on Tuesday against the Aussie dollar as we are now above the 1.95 level.

Silver has been very choppy during the trading session on Tuesday and in my daily analysis looking through the commodity markets it's likely that we see a lot of choppiness as traders are trying to sort out whether or not the global growth situation is going to be helpful or hurtful to the silver market.