Forex Daily Forecast, Analysis and Prediction

the EUR/JPY pair saw a strong rally during Monday's trading session, kicking off the week with momentum.

The AUD/USD pair was in a tight range on Tuesday morning and was hovering near its lowest point since September 16.

The EUR/USD exchange rate continued its strong downward trend ahead of the upcoming US retail sales data and European Central Bank (ECB) decision.

The British Pound has rallied rather significantly during the course of the trading session on Monday, breaking above the 50 day EMA, and then the 200 day EMA after that.

Bitcoin price drifted upwards, reaching a high of $65,840, its highest point since July 31st. The BTC/USD pair has moved into a bull market, rising by over 33% from its lowest level in August.

The GBP/USD exchange rate was in a tight range on Tuesday morning ahead of the important UK jobs, inflation, and retail sales numbers.

The Parisian index initially pulled back just a bit during the early hours on Monday, but it seems like it continues to find support near the 50 day EMA.

The US dollar has rallied significantly against the Swiss franc during the early hours on Monday, as we have broken above the crucial 0.86 level.

Silver has gapped lower to kick off the trading week, dropped a bit, turned around and rallied rather significantly only to turn right back around and give back some of those gains.

The US dollar has rallied significantly during the course of the early hours on Mondays as we continue to see the interest rate differential come into the picture and influence the market.

The Turkish lira opened the week's trading at the same levels as the previous week's close, around 34.20 lira per dollar.

The recent strong gains of the US dollar against the rest of the major currencies in the Forex market.

Despite US inflation figures exceeding consensus and hawkish comments from Fed policymakers failing to give the US dollar a new upward momentum, suggesting that the October rally is fading, the yen's recent weakening.

At the end of last week, the Euro traded around $1.09, its weakest level in about two months, driven by the overall strength of the US dollar amid expectations that the US Federal Reserve will cut borrowing costs at a slower pace than expected.

Gold futures rose at the end of last week, benefiting from a weaker US dollar and lower Treasury yields.