Forex Daily Forecast, Analysis and Prediction

The CAC initially fell during the trading session on Tuesday to test the crucial 7,500 euros level.

The British pound has rallied against the Swiss franc during the early hours on Tuesday, but it looks to me like we are trying to go much higher, perhaps reaching to the 1.15 level.

The DAX initially fell during the trading session that made up Tuesday as we tested the 18,000 level but have since bounced about 150 euros to the upside.

Confluent support at lower trend line may give a long opportunity later.

It’s easy to see that the USD/CNH pair is bullish

It’s clear to me that we don’t really have anywhere to be at the moment.

I can see that the USD/SGD pair is simply consolidating in a 50 point range.

I have recognize that the euro continues to see strength overall.

It’s obvious that the gold market is lacking a significant amount of momentum.

The GBP/USD exchange rate bounced back as the US dollar index (DXY) retreated after a statement by Jerome Powell, the Federal Reserve chair.

Bitcoin price dropped sharply in the overnight session even as the US dollar index dropped and US equities continued their recovery.

The AUD/USD exchange rate rose slightly after Tuesday’s Reserve Bank of Australia (RBA) minutes and a statement by Jerome Powell.

The British pound started the new week trading higher against the US dollar, although a crowded US data calendar and the UK elections could cause some volatility.

According to recent trading, we have seen the EUR/USD price recover with the emergence of anti-nationalist bloc companies, inflation in the eurozone, and US jobs also in focus.

As the start of a key trading week, the Japanese yen traded at 161 yen to the dollar, slightly below its 38-year low of 161.72 yen set last week.