Forex Daily Forecast, Analysis and Prediction

The US dollar broke higher on Tuesday to test the top of a major channel.

The US dollar broke through significant resistance near the 16.40 level.

The US dollar rallied significantly on Tuesday to show strength yet again against emerging market currencies, in this case, the Brazilian real.

The S&P 500 was all over the place on Tuesday as it looks like traders are trying to figure out what to do with themselves.

The West Texas Intermediate Crude Oil market fell hard on Tuesday as traders came back from holiday in America.

Ethereum fell again on Tuesday as we continue to see a lot of negativity in crypto markets.

The euro got absolutely clobbered on Tuesday, as we have broken through the 1.04 level quite handily.

The British pound fell rather hard on Tuesday to slice through the 1.20 level.

The DAX pierced support Tuesday as we continue to see a lot of negativity.

Bitcoin pulled back ever so slightly Tuesday as we continue to see a lot of nothingness, or what could be thought of as “Brownian motion.”

The AUD/USD pair retreated in the American and Asian sessions as worries about a recession converged with hawkish central bank policies.

The EUR/USD pair crashed to the lowest level in over 20 years as the outlook of the European economy worsened.

The GBP/USD pair declined sharply in the overnight session as investors rushed to the safety of the US dollar.

Spot natural gas prices (CFDS ON NATURAL GAS) declined in their recent trading at intraday levels, to record daily losses until the moment of writing this report by -2.95%.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains in its last sessions by 1.05%, to add the index to it about 321.83 points.