Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 has had a nether bullish day during Tuesday trading, as traders continue to pile into all of the same names as for safety.

The EUR/USD experienced an initial attempt at a rally during Tuesday's session, but the gains were ultimately relinquished amid the prevalent noisy market behavior around the 50-Day Exponential Moving Average (EMA).

During Tuesday's trading session, the AUD/USD exhibited a back-and-forth movement, reflecting the prevailing confusion in currency markets.

The EUR/USD exchange rate erased gains made on Monday despite the weak US retail sales numbers.

The BTC/USD pair was flat during the Asian session as Bitcoin’s volume and trading volatility slumped.

The Australian dollar erased most of the gains made on Monday as concerns about a slowing Chinese economy coincided with hawkish RBA minutes.

My previous GBP/USD signal on 10th May was not triggered as the price did not reach any of the key support or resistance levels during that day’s London session.

The TRY/USD fell against the dollar to record levels of decline, the dollar recorded levels of 19.67.

The USD/CAD nearly hit the 1.35680 ratios in early trading yesterday as it kept climbing.

The EUR/USD exchange rate rose to stand back near one-month lows as we open this week.

The GBP/USD exchange rate managed to pull back from its highest level in more than a year last week, but economic headwinds on both sides of the equation now risk seeing it sidelined into further consolidation.

Speculators have been treated to a rather breathtaking rollercoaster ride in the NZD/USD for the past two weeks.

The US dollar saw a furious recovery last week, drawing fuel from its safe-haven qualities as risk sentiment deteriorated and from some survey data that cast doubt on the popular notion that the Fed will soon cut interest rates.

At the beginning of this week's trading, and in a stunning display of strength, XAU/USD gold prices are trading at higher levels.

The USD/JPY exhibited a rally on Monday, indicating renewed strength as the Japanese yen continues to face the consequences of quantitative easing measures.