Forex Daily Forecast, Analysis and Prediction

While the USD/MXN trades in a rather well-practiced range, what looks particularly interesting is that resistance up above seems to have shown signs of becoming stronger and is causing reversals.

The British pound initially tried to rally during the trading session on Tuesday, and even stretched all the way to roughly 1.27.

The Australian dollar has gone back and forth quite a bit during the trading session on Tuesday, as we initially tried to reach towards the 0.70 level

The NASDAQ 100 rallied a bit during the trading session on Tuesday, reaching towards the $10,000 level before pulling back in what was a very volatile trading session.

The Euro fell during the trading session on Tuesday as Jerome Powell spooked the market.

AUD/USD: 0.6841 looks pivotal

Pakistan changed its Covid-19 strategy to limit economic damage.

Most economies around the world are struggling to find a solution to the global Covid-19 pandemic, which initiated a recession likely to last longer than market participants price.

Yesterday’s retail sales recovery out of the US for May spiked the US Dollar temporarily.

Brazilian retail sales for April recorded a record plunge, following US retail sales data for the same period.

USD/JPY: Bullish break building?

BTC/USD: Yet short-term bullish trend

GBP/USD: British Pound remains weak

The USD/ZAR moved within a solid range on Tuesday and the currency pair may be able to accomplish the same story in forex today.

EUR/USD: Narrowing triangle