Forex Daily Forecast, Analysis and Prediction

Investors' appetite for the US dollar as a safe haven, after the recent tensions between the United States and Iran.

Bitcoin: Bullish breakout beyond $8k pivotal point

The US dollar has rallied a bit during the trading session on Tuesday, breaking above the 200 day EMA but hasn’t exactly exploded to the upside.

Technical expectations for the future of gold prices have increased recently to move towards new record and historical levels.

The US dollar has rallied significantly during the trading session on Tuesday against the South African Rand, as we tried to break out above the 14.30 Rand level.

The Australian dollar has broken down significantly during the trading session on Tuesday, testing the previous downtrend line.

GBPUSD: More bullish above 1.3200

Gold markets initially gapped higher to kick off the trading session on Tuesday, but then broke down to get close to filling the gap from the Monday session before rallying yet again.

US Dollar weakness is not priced into financial markets but may emerge as a dominant trend in 2020.

A sideways trend emerged in this currency pair after the GBP/CAD descended into its support zone.

EURUSD: Weakly bearish but support @1.1128

Upward revisions to final December PMI data across the Eurozone and better-than-expected retail sales failed to boost the Euro significantly

Iran fired over a dozen ballistic missiles at two military installations in Iraq that house US troops, in response to the killing of a top Iranian general in Iraq last week.

Tensions are renewed in the Middle East, with the threatening language between Iran and the United States of America, after the latter assassinated a prominent Iranian military commander, Qasim Soleimani, and his companions.

The price of gold has risen by more than $40 since the killing of Qassem Soleimani.