Forex Daily Forecast, Analysis and Prediction

Silver does correlate well with other precious metals, but do not be tricked by influencers who say the commodity is oversold and must rise in value.

This pair remained in consolidation mode in early trade on Tuesday as market participants brace for key domestic inflation data and the Federal Reserve’s October interest rate decision later this week, two key catalysts that could drive the Aussie dollar’s next move.

The GBP/USD pair has pulled back in the past few days, moving from last week’s high of 1.3420 to the current 1.3342. It has retreated because of the ongoing US

Bitcoin price held steady at an important support level as the recent rally lost momentum. The BTC/USD pair dropped to 80,000, much lower than last month’s high

The AUD/USD pair wavered on Tuesday morning, extending the consolidation that began late last week. It was trading at 0.7012, a few points below this month’s

The EUR/USD pair continued its slow downward trend on Tuesday morning as market participants reacted to the upcoming macro data and central bank decisions.

GBP/USD continues to consolidate around its 50-day EMA as traders await the Federal Reserve's policy decision and guidance on future interest rates.

Gold is attempting to stabilize around the psychologically important $4,000 level as traders await the Federal Reserve's interest rate decision and forward guidance.

EUR/USD remains under pressure near 1.1200 as European energy concerns, French debt risks and uncertainty ahead of the Federal Reserve's decision weigh on the euro.

King Crypto's recovery is facing renewed pressure as overhead selling liquidity, absent buyers and weakening institutional demand threaten its path toward a full-blown bull run.

Downwards motion in Gold since last Thursday has shown signs of becoming faster. Friday’s lows and early this morning’s action challenged support ratios not seen since late July.

GBP/USD continues to trade sideways around its 200-day EMA, reflecting a balanced market with limited directional momentum and uncertainty surrounding US interest rates.

EUR/USD continues to consolidate with a bearish bias as higher US interest rates, European energy concerns and potential dollar liquidity demand weigh on the euro.

Retail traders should understand that whipsaw action – if they have limited funds and ability to ride EUR/USD storms out – will occur throughout this week.

USD/CHF is strengthening as the Federal Reserve's comparatively hawkish outlook and the Swiss National Bank's zero-interest-rate policy continue to support carry trade demand.