Forex Daily Forecast, Analysis and Prediction

The Euro initially tried to rally during the trading session on Tuesday but did run into a bit of sluggish opposition near the 1.11 level.

The British pound tried to rally a bit during the session on Tuesday but then pulled back towards the 1.29 level.

The Australian dollar has initially fallen during the trading session on Tuesday, reaching down towards the previous resistance barrier at the 0.6775 level, as the RBA meeting minutes were released, showing that a couple of the voting members were suggesting that rate cuts could be coming.

The WTI Crude Oil market fell rather hard during the trading session on Tuesday, reaching below the 50 day EMA as there was a general malaise about risk appetite during trading.

The natural gas markets fell slightly during the trading session on Tuesday, as we continue to dance around the crucial $2.50 level.

Gold markets have initially pulled back during the trading session on Tuesday but turned around to show signs of life yet again.

Bitcoin markets continue to show negativity in general, as the crypto currency markets overall have seen a lot of selling pressure.

For three trading sessions in a row, the EUR/USD price is moving in an upward correctional performance with gains reaching 1.1090 resistance,

British political parties are stepping up their campaigns to attract the largest number of supporters to win the country's early elections on Dec. 12

The decline of the US dollar and weaker investor risk appetite pushed the price of gold to return to gains at the $1464 resistance after trying to drop

On the daily chart below, it seems clear that the USD/JPY is trying to avoid reaching the 108.00 support so as not to confirm the breach of the general bullish trend.

NZDUSD: Bulls losing momentum

AUDUSD: Very pivotal point at 0.6822

USDJPY: Ranging price action

Bitcoin: Double bearish price channels continue