Forex Daily Forecast, Analysis and Prediction

The Nikkei 225 Index has rallied again during the trading session on Tuesday, as we see Tokyo show signs of strength.

The USD/MXN is near the 18.80300 ratio as of this writing, which demonstrates the currency pair’s ability to traverse within sight of long-term lows.

The USD/CAD is traversing near the 1.33600 ratios as it hovers close to critical mid-term lows.

The USD/JPY initially tried to rally during the trading session on Tuesday but gave back rather quickly as we now have seen the 50-Day EMA break down below the 200-Day EMA.

The USD/CHF rallied a bit during the trading session on Tuesday, showing signs of life as we broke above the 0.9250 level.

The EUR/USD had a choppy session on Tuesday, as we continue to see a lot of nonsensical trading.

Silver has gone back and forth during the trading session on Tuesday but settled on an upward move.

The Australian Dollar is powering to new highs, boosted by higher-than-expected Australian inflation data announced earlier today.

The GBP/USD pulled back a bit during the trading session on Tuesday, reaching the 1.23 level.

The AUD/USD had initially pulled back just a bit during the trading session on Tuesday, testing the crucial 0.70 level.

The USD/JPY was flat on Tuesday and Wednesday as investors showed no interest on the flash manufacturing and services PMI numbers.

The GBP/USD price drifted lower as technical chart patterns pointed to more weakness. It pulled back to 1.2260 after it rose to a monthly high of 1.2452 on Monday.

The euro continued moving sideways as investors continued reading the Fed and European Central Bank (ECB) tea leaves after the weak economic data.

The EUR/USD exchange rate entered the new week's trading at its highest level in nine months.

Spot natural gas prices (CFDS ON NATURAL GAS) advanced during their early trading on Tuesday, to consolidate their gains yesterday.