Forex Daily Forecast, Analysis and Prediction

The British Pound has rallied significantly during the early hours on Tuesday as the PPI numbers in the United States came out weaker than anticipated.

The pair is one that I'm very interested in paying attention to, due to the fact that we have seen the market bounce into the 0.5250 level, an area that has been important multiple times.

The FTSE 100 was very noisy during trading on Tuesday as we continue to hang around the 50-day EMA.

This morning’s early high was around the 0.60835 vicinity which touched values last seen on the 18th of July.

Bitcoin has risen over recent days, printing new obvious and higher stairstep levels of key support, despite the long-term bearish trend that has been established since the start of June.

he GBP/USD currency pair rallied as the US dollar index retreated by more than 0.50% after the encouraging Producer Price Index (PPI) report.

The EUR/USD pair rallied to the psychological resistance point at 1.100, its highest point since January 2nd.

It’s easy to see that the US dollar is still flat on its back against the Malaysian ringgit.

The AUD/USD exchange rate continued its strong recovery after a series of important economic data from Australia and the United States.

I recognize that this asset is testing the crucial 200-Day EMA.

I can see this asset is doing everything it can to break out to the upside.

Bitcoin has gone back and forth during the course of the trading session on Tuesday.

The first thing I notice is that the ¥190 level has offered a significant amount of resistance.

At the beginning of this week, the USD/JPY currency pair rose, surpassing the 148.00 resistance level amid thin trading volumes as Japanese markets were closed due to a holiday.

At the start of this week’s trading, gold futures approached an all-time daily high as investors prepare for key US inflation data.