Forex Daily Forecast, Analysis and Prediction

The Turkish lira stabilized without changes against the dollar during today's trading, to complement yesterday's divergence.

As I mentioned since the start of this important week's trading, the US dollar will remain the strongest until the reaction to the most important event this week passes,

The price of Sterling came under severe and widespread pressure as global stock and bond markets plunged.

The Japanese yen fell to its lowest level against the dollar in 24 years as the growing gap between the monetary policy of the US Federal Reserve and the Bank of Japan attracts money towards the US.

The sharp gains of the US dollar strongly contributed to the collapse of the gold price to the level of 1805 dollars an ounce.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses for the fifth consecutive day, by -0.50%, to lose the index towards -151.91 points.

In yesterday’s trading SOL/USD tested long term price levels not sincerely tested since April of 2021, a slight reversal higher that took Solana to a short term high of nearly 30.0000.

XRP/USD has sunk to depths not seen since January of 2021 as it hovers near the 30 cents ratio in early trading this morning.

The West Texas Intermediate Crude Oil market initially rallied on Tuesday but gave bank gains yet again as we continue to see plenty of volatility.

Cardano tried to rally a bit on Tuesday but gave back quite a bit of the gain.

Ethereum went back and forth on Tuesday as we are trying to catch a breath after a major selloff.

The NASDAQ 100 went back and forth on Tuesday as we are trying to stabilize.

The S&P 500 fell again on Tuesday to show signs of weakness yet again.

The price is more bullish above 0.6918.

The German DAX Index initially tried to recover a bit on Tuesday but turned around and fell apart.