Forex Daily Forecast, Analysis and Prediction

The British pound rallied significantly on Tuesday, breaking above the 1.35 level again.

Gold markets rallied quite nicely on Tuesday, bouncing from the 50-day EMA to show signs of life again.

The Australian dollar rallied quite significantly on Tuesday to reach above the 50-day EMA.

Bitcoin rallied a bit on Tuesday as we continue to use the 200-day EMA as a bit of a magnet for price.

The GBP/USD price rose to a key resistance level after the UK government ruled out further Covid-19 restrictions.

The BTC/USD pair remained in a tight range slightly above a key support level as investors focused on the strong US dollar.

The AUD/USD pair tilted upwards as investors and analysts priced in ending of Australia’s quantitative easing (QE) even as the number of Omicron cases rose.

As soon as investors returned to the markets and liquidity was available after the holiday season, they interacted with the danger posed by the new Corona variable, Omicron.

In the first trading session of 2022, the price of the GBP/USD currency pair suffered a setback.

After gold prices recorded the worst annual performance since 2015, the new year’s trading began amid a new setback for the gold price.

The jump in US Treasury yields helped the US dollar make its biggest daily gain in nearly two months into the start of the new year 2022 trading.

LUNA/USD was able to trade slightly above the 93.00000000 level in early trading this morning, but has produced a slight selloff and this may spur on additional speculative buying.

ADA/USD has traded lower again and has shown little ability to seriously challenge higher resistance realms as it hovers near crucial support.

The West Texas Intermediate Crude Oil market initially plunged on Monday but found buyers at the 50-day EMA.

Natural gas markets initially fell during the day on Monday but then turned around to show signs of strength again in order to break above the $3.83 level.