Forex Daily Forecast, Analysis and Prediction

The Aussie continues to see a lot of noise, but at this point, we have a lot of questions about the market overall.

I look at this market as one that could offer opportunities on dips, but it will also be very noisy and rocky to say the least.

The USD/CAD has pulled back just a touch against the Canadian dollar near the crucial 1.37 level, as that level continues to be important. With oil fighting back against the sellers, this pair tilts toward the CAD at the moment.

The S&P 500 continues to see the 7,000 level as a major ceiling in the market, as we are waiting to see whether we can get a daily close above that level.

The NVIDIA market has struggled a bit recently, as traders are starting to question a lot of arrangements in the AI space.

The gold market has jumped nicely on Tuesday, as we continue to see plenty of interest in the metals sector. Ultiamtely, this is a good sign, but also a dangerous one.

The US dollar fell during the trading session on Tuesday against the Mexican peso to continue to overall strong downtrend that has been very reliable over the last few months. That being said, this is an interest rate play, and more.

The silver market has proven itself to be far too dangerous for the average retail trader, and the markets are likely to be a very dangerous place to trade at the moment.

The British pound is slightly positive on Tuesday, as we are trying to turn things around in this market.

Bitcoin continues to look very weak and vulnerable at the moment.

The USD Dollar looks like its bearish trend could start resuming, so a bullish break above $1.3729 could send this pair higher today.

The EUR/USD exchange rate remained under pressure on Wednesday morning as traders waited for the upcoming European inflation data and ECB interest rates decision. It retreated to a low of 1.1812, down sharply from the year-to-date high of 1.2080.

Bitcoin price continued its recent downward trend, reaching its lowest level in over a year and erasing all the gains made during the Donald Trump administration. The BTC/USD pair crashed to 73,000, down sharply from the all-time high of 126,300.

The AUD/USD exchange rate jumped after the Reservation Bank of Australia (RBA) delivered its interest rate decision on Tuesday. It jumped to a high of 0.700, up sharply from this week's low of 0.6900

The British pound continues to see a lot of noise, as traders recognize that London is going to be hesitant in cutting rates rapidly, just as the Americans could do.