Forex Daily Forecast, Analysis and Prediction

My previous GBP/USD signal on 29th December was not triggered, as there was no bearish price action when the price first reached the resistance level which I had identified at $1.2052.

The EUR/USD exchange rate rose slightly after the relatively encouraging European inflation data and after the latest Fed minutes.

The BTC/USD price held steady slightly below the psychologically important resistance level of 17,000 after the Fed published minutes of the past meeting.

The AUD/USD price drifted downwards after some positive signs about the Australian economy.

The exchange rate of the euro against the dollar, EUR/USD, entered the new year 2023 in full swing, during a strong downward momentum.

Gold futures appeared to start 2023 well by testing the $1850 resistance.

The GBP/USD exchange rate entered the new year 2023 with a strong foothold above the 1.20 level.

The TRY/USD has stabilized against the dollar near its all-time lows, which were recorded at the end of last year.

Amidst a sudden rebound in the exchange rate of the US dollar against the rest of the other major currencies, the USD/JPY currency pair had the opportunity to bounce back to the top.

The US dollar has initially fallen a bit during the trading session on test the ¥130 level, and even break down below there slightly.

The Australian dollar has fallen rather hard during the trading session on Tuesday.

Spot natural gas prices (CFDS ON NATURAL GAS) decreased slightly during its early trading on Tuesday, to record new daily losses until the moment of writing this report, by -1.51%.

The Dow Jones Industrial Average fell in its first trading session in 2023, recording losses in a session characterized by volatility by -0.03%.

The British pound has fallen a bit during the trading session on Tuesday, to peek below the 50-Day EMA.

The Euro has broken down during the trading session on Tuesday as the volume has picked back up.