Forex Daily Forecast, Analysis and Prediction

The EUR/USD did almost nothing during the day on Tuesday, which would not be a huge surprise considering that the market must worry about a couple of major holidays.

The West Texas Intermediate Crude Oil market has broken above the 50-Day EMA, albeit just barely.

Although traders did come back to work on Tuesday, the reality is that volume is very thin.

The Nifty 50 gapped higher to kick off the Tuesday session, pulled back to fill that gap to reach the ₹18,000 level, only to turn around and show signs of life again.

The NASDAQ 100 fell during the trading session on Tuesday as traders continued to price in the idea of a slowing global economy.

Gold markets have shot higher during the trading session and what would have been a very thin holiday environment.

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.