Forex Daily Forecast, Analysis and Prediction

The market is awaiting US CPI data.

The Dogecoin market fell on Tuesday to reach the $0.10 level, an area that would obviously attract a certain amount of attention, as these markets do tend to pay close attention to these round numbers.

The FTSE 100 was all over the place Tuesday as we have broken below the 200-day EMA and the previous 24 hours.

The Euro Stoxx 50 rallied rather significantly after dropping in the early hours on Tuesday, as it looks like the oversold condition has caused a bit of profit-taking.

The S&P 500 initially tried to recover on Tuesday, but as you can see we have given back all of the gains to show signs of extreme weakness.

ZCash went back and forth on Tuesday as we continue to see crypto markets look very soft.

The Bitcoin market fell significantly on Tuesday but found enough psychological and structural support near the $30,000 level to bounce a bit.

Gold markets gapped lower to kick off futures trading Tuesday morning, only to turn around and fill that gap.

The West Texas Intermediate Crude Oil market initially tried to rally on Tuesday but gave back gains as we started to see more negativity around the world.

The US dollar did very little to inspire a lot of trading on Tuesday, as most of the market is waiting on the Consumer Price Index numbers from America on Wednesday.

The euro initially tried to rally on Tuesday but gave back the gains as we approached the 1.06 level.

The GBP/USD pair is still trading close to its lowest level this week as investors wait for the important American consumer price index (CPI) data.

The EUR/USD continued its consolidation mode as investors waited for the upcoming US and German consumer inflation data.

The BTC/USD attempted to stabilize during the American and Asian session after it plummeted to the lowest level since July last year.

The EUR/USD exchange rate was unable to escape from the bottom of its recent low and entered the new week's trading at the risk of further losses.