Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 initially tried to rally during the trading session on Tuesday but then broke down below the 7800 level to reach through the 50 day EMA.

Natural gas markets initially rallied during the trading session on Tuesday but found enough resistance above the turn things back around near the $2.60 level.

USDCAD: Consolidation between 1.3236 and 1.3308 persists

The increase in geopolitical risk has once again boosted demand for gold.

Yesterday’s UK Supreme Court decision which ruled Prime Minister Johnson’s prorogation of Parliament unlawful has take out bearish momentum in the EUR/GBP.

USDCHF Analysis: Strong support below0.9842

The Reserve Bank of New Zealand kept its interest rate unchanged at 1.00% in a move which was largely priced into markets.

As global uncertainty roes from political issues to economies worries and trade fears, the Swiss Franc attracted safe haven demand as traders adjusted risk profiles.

GBPUSD: Consolidating below 1.25 – 1.26 area

EURUSD: Still bearish below 1.1024

Eurozone PMI data suggests that the region's economy is on the verge of deflation, which is likely to see further calls for stronger monetary policy moves from the ECB and consequently the Euro weaker for longer period.

The US dollar has rebounded against major currencies, but the Pound is trying to hold.

Concern over the failure of the current round of trade talks between the United States and China and the future of the Brexit, which remains uncertain.

For the fourth day in a row, USD / JPY continues to correct lower to the 107.30 support level after failing to trade above the 108.47 resistance level last week.

NZDUSD: Bulls have a small edge