Forex Daily Forecast, Analysis and Prediction

The US dollar's gains did not last long, as after the positive start for the USD/JPY this week pushing it towards the 106.47 resistance, the American currency did not find enough motivation to complete that attempt.

The past five trading sessions shows the EUR/CHF is nearly within the center of its range.

Since the 22nd of July, the USD/BRL has experienced a bullish trend higher and made short term resistance look vulnerable.

The choppy trading of the USD/INR reflects mixed sentiment in the forex markets, but it also suggests that current values may be within ranges that will fluctuate with polite movements.

Speculators who have not been paying attention to the price of gold the past day and looking at its value today may wonder if they have missed the opportunity to take advantage of its trend.

Gabriel Yorio, the Deputy Finance Minister of Mexico, remains confident that the economy will expand in the third quarter of 2020 following the record 17.3% plunge in the second quarter.

Lesetja Kganyago, the Governor of the South African Reserve Bank (SARB), reiterated the central bank would avoid monetary policies that failed throughout history.

Bitcoin: Greatly benefiting from decline of the US dollar

USD/JPY: Will the pair return to the 104.00 support again?

AUD/USD: Benefitting from weaker USD

GBP/USD: The 1.3200 peak chance.

EUR/USD: The future of the 1.2000 top

The US dollar initially tried to rally on Tuesday but gave back quite a bit of the gains to show signs of exhaustion.

The British pound pulled back a bit during the trading session on Tuesday, reaching down towards the crucial 1.30 level.

The NASDAQ 100 has done very little during the trading session on Tuesday, as we have cleared the 11,000 level.