Forex Daily Forecast, Analysis and Prediction

Calm Lower Price Realm as Correlations Questioned.

The GBP/USD exchange rate crashed hard and then pared back some of those losses after the relatively mixed US economic numbers.

The EUR/USD exchange rate dropped and then bounced back after the mixed US and European economic numbers.

The remarkable Bitcoin price rally gains steam this week as buyers focused on reaching its all-time high of $69,000.

The USD/PKR has a listed price as of this moment near 279.3800 which is very close to what the value of the currency pair was last week.

The EUR/USD currency pair is stable around the 1.0829 level after recovering yesterday to the 1.0866 resistance level.

Amid limited trading, the GBP/USD currency pair is moving steadily around the 1.2658 level.

Price action in the currency pair has been tight most of the week.

Since the start of trading this week, the gold price has been moving in a narrow range.

The upward stability dominates the performance of the USD/JPY currency pair before the announcement of the US economic growth reading later today.

Firm rise has the price heading for the $60,000 area.

As of this writing the USD/ZAR is near the 19.16600 ratio, and the currency pair saw a high around the 19.39420 mark on Friday the 23rd of February.

The euro is still seeing a small increase, but there is still a significant lack of momentum and a lot of loud activity.

The S&P 500 is still behaving erratically; it marginally declined during Tuesday's midnight trading hours before turning around and showing some life.

The natural gas market was relatively quiet in the early hours of Tuesday's trading session.