Forex Daily Forecast, Analysis and Prediction

The gradual downturn in the USD/CAD the past week has now put the currency pair near interesting mid-term support levels.

The USD/RUB continues to correlate to the broad Forex markets in a remarkably healthy manner.

Silver is outperforming Gold, so traders should be more confident of being long of Silver than of Gold.

The US dollar initially tried to rally against the Indian rupee but has given back quite a bit of the gains to turn slightly negative as New York came online.

The US dollar initially rallied against the Swiss franc during the trading session on Tuesday but pulled back as the 0.91 level has offered a bit of a short-term barrier.

The US dollar has been all over the place during the trading session on Tuesday against the Canadian dollar, as we continue to test a major support level.

The New Zealand dollar has rallied rather significantly during the course of the trading session on Tuesday.

The Nasdaq 100 initially fell during the trading session on Tuesday but turned around to show signs of strength again.

The British pound initially fell during the trading session on Tuesday, reaching down toward the 1.25 level before turning around again.

The Australian dollar initially fell during the day on Tuesday but has seen a complete turnaround by the time the Americans got on board.

The DAX initially pulled back during the trading session on Tuesday as we continue to see the market look a little stretched.

Bearish momentum seems to have slowed and faded away.

Early during the trading session on Tuesday, we have seen the S&P 500 dip, but since then we have seen it turn right back around and show signs of strength.

The British pound has staged a strong comeback against the greenback after a series of strong UK economic numbers.

Bitcoin fell a bit in the early hours on Tuesday as we continue to see a lot of noise.