Forex Daily Forecast, Analysis and Prediction

The German DAX Index initially tried to rally Tuesday but saw plenty of sellers jump back in, just as we had seen on Monday.

The Canadian dollar rose again on Tuesday as the Japanese yen is simply floundering around the currency markets.

The euro struggled with the 1.06 level for some time, which suggests to me that we are eventually going to roll over.

Bitcoin rallied to kick off the Tuesday session, but it broke down since the opening to show signs of weakness.

Gold markets initially try to rally on Tuesday, but as we have seen so many days in a row now, sellers have stepped in to push the market from the highs.

The West Texas Intermediate Crude Oil market has rallied again on Tuesday to break above the 50-day EMA.

The AUD/USD price remained in a consolidation mode after the relatively mixed economic data from the United States.

The EUR/USD pair dipped even after the latest hawkish statement by Christine Lagarde and the weak American consumer inflation data.

The GBP/USD price retreated in the American and Asian sessions as volatility resumed in the market.

The EUR/USD exchange rate has returned to stability above the recently recovered 1.05 level.

Gold futures retreated from the gains that coincided with the beginning of trading this week, with the yellow metal entering the negative territory throughout the year.

The lira fell in the day's trading after two days of recording strong gains, investors followed the statements of Turkish President Recep Tayyip Erdogan during yesterday.

Japanese officials’ ignoring of the continuous collapse of the Japanese yen exchange rate, along with the US Federal Reserve’s continued intention to raise US interest rates strongly during 2022,

Recently, the GBP/USD exchange rate clung to a lot of gains in the wake of the Bank of England's June policy decision but without any further corrective drop by the dollar

Spot natural gas prices (CFDS ON NATURAL GAS) increased in their recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report.