Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market went back and forth during the trading session on Tuesday, as we hang around the 50 day EMA.

The S&P 500 broke down rather significantly during the trading session on Tuesday, mainly because of the comments of Donald Trump suggesting that the deal with China could perhaps wait until after the election.

The United States as seen a couple of major snowstorms over the last couple of days, and at this point it looks very likely to have a major effect on the natural gas markets. A

The NASDAQ 100 has fallen pretty significantly during the trading session on Tuesday as Donald Trump suggest that perhaps the US/China trade deal could be after the presidential election.

Gold markets rallied significantly during the trading session on Tuesday, as Donald Trump suggested that the China deal might be better off being done after the election, and that of course causes a lot of fear.

Bitcoin: More bearish below $7,192

GBPUSD: Bulls threatening breakout above 1.2750 – 1.3000 range

EURUSD: Resistance at 1.1093 remains pivotal

The US dollar initially tried to rally during the trading session on Tuesday, but then collapsed as Donald Trump started talking about how the China deal might be better served having been dealt with after the election.

The US dollar rallied a bit during the trading session on Tuesday to show signs of life again, as there are concerns about the trade war again.

The Euro went back and forth during the trading session on Tuesday, as the 1.11 level is massive resistance, and it looks very likely to be an area that we will struggle with.

Bitcoin continues to struggle and the overall bearish environment remains in place.

The British pound initially tried to rally above the crucial 1.30 level during the trading session on Tuesday, and although this was a strong move, once we got close to that area we failed again.

New Zealand reported an increase in house prices as well as in commodity prices which prevented a breakdown in the NZD/CAD to materialize.

The Australian dollar has rallied a bit during the trading session on Tuesday but gave back quite a bit of the gains due to Donald Trump suggesting that the trade deal might be better served happening after the election.