Forex Daily Forecast, Analysis and Prediction

Long-term bearish trend persists.

The GBP/USD exchange rate continued its bearish trend as the divergence between the US and UK continued.

The EUR/USD price continued consolidating in a period characterized by thin volumes and low volatility.

The AUD/USD price moved sideways in the Australian session as investors reacted to the ongoing reopening of the Chinese market.

In light of the global financial markets' holiday on the occasion of Christmas and the lack of liquidity, the exchange rate of the EUR/USD currency pair remained in a limited path

The downward performance is still the most prominent for the path of the GBP/USD exchange rate before the market holiday at the end of the year 2022.

The TRY/USD has stabilized, as the Turkish currency is heading to record an annual closure near its lowest levels ever against the US dollar.

For four consecutive trading sessions, the USD/JPY exchange rate is trying to rebound from the recent sharp collapse amid the Bank of Japan's aggressive surprise.

For two days in a row, XAU/USD gold prices are trying to rebound to the upside and return to stability above the psychological resistance of $1,800 an ounce.

The Dow Jones Industrial Average rose during its recent trading on intraday levels, to achieve gains in its last sessions by 0.53%.

Spot natural gas prices (CFDS ON NATURAL GAS) rose slightly during their early trading on Tuesday, to achieve slight daily gains until the moment of writing this report, by 0.20%.

The USD/MXN has delivered a solid reversal lower which has created lower values that are again challenging early December prices.

The USD/ZAR has fallen in price the past week of trading, and this has created a lower price range for speculators to consider, one that could be dangerous in the near term.

The GBP/USD is hovering near its lowest level since December 1 as the US dollar strength continued.

The EUR/USD price moved sideways on Tuesday morning as thin trading persisted in the market.