Forex Daily Forecast, Analysis and Prediction

The USD/CAD is near the 1.36775 mark as of this writing, this after the currency pair has managed to sustain lower increments attained in early trading this morning.

The currency pair has managed to produce upwards momentum since touching a low on Friday.

The US dollar has pulled back a bit against the Norwegian krone during the early hours on Tuesdayץ

The British pound has rallied a bit during the Tuesday session as we are testing the crucial 1.24 level.

The silver market fell initially during the trading session on Tuesday but has seen enough buying to turn things around and let the market.

The British pound has rallied significantly during the course of the trading session on Tuesday to break above the 1.13 CHF level.

The S&P 500 initially dipped a bit during the trading session on Tuesday, only to turn around and show signs of strength again.

Ethereum rallied slightly during the early trading session on Tuesday, only to turn around and show signs of life again.

The euro rallied significantly during the trading session on Tuesday, to break above the ¥165 level.

The EUR/USD pair bounced back after the mixed European and US flash manufacturing and services activity data.

Bitcoin price remained in a tight range on Wednesday morning even as the risk-on sentiment continued.

Bitcoin has gone back and forth during the early hours on Tuesday as we continue to see the market look somewhat consolidation based.

The AUD/USD pair rose slightly on Wednesday morning after the closely watched Australian consumer inflation report.

The GBP/USD exchange rate bounced back sharply after the strong UK flash composite PMI and a hawkish statement by Huw Pill, a senior Bank of England (BoE) official.

The USD/BRL ended yesterday’s trading near the 5.1667 ratio, which is a high price level for the currency pair still.