Forex Daily Forecast, Analysis and Prediction

Support near the 73.3000 juncture for the USD/INR proved to be an inflection point, but the move it produced was a bullish run higher and the forex pair tested high resistance levels yesterday.

The South African Rand broke the critical 16.50000 support yesterday and has sustained its value beneath the important mark.

While Singapore recorded over 57,000 Covid-19 infections to date, the death toll of 27 is significantly lower than in other countries.

AUD/USD: Price likely to react strongly to FOMC release later

August inflation increased more than forecast in Brazil, and President Jair Bolsonaro appealed to the patriotism of vendors during the Covid-19 crisis.

USD/JPY: Yen standing out after long dull patch

The US dollar has fallen again during the trading session on Tuesday, as we continue to see the Japanese yen strength and overall.

The S&P 500 rallied quite significantly during the trading session, slamming into resistance yet again during the day on Tuesday.

Bitcoin traders trying to break towards the $11,000 level on Tuesday but have given back the gains to form a less than inspiring shooting star.

BTC/USD: Room to rise to $11,460

The Australian dollar has initially pulled back a bit during the trading session on Tuesday only to see strength again after the RBA came out with its announcement.

GBP/USD: Strong support above 1.2750

The NASDAQ 100 has rallied a bit during the trading session on Tuesday, slamming into the 11,500 level.

Silver markets rallied after gapping slightly higher at the open on Tuesday again.

The Euro rallied during the trading session on Tuesday, reaching towards 1.19 level again.