Forex Daily Forecast, Analysis and Prediction

During my daily analysis of major currency pairs, the EUR/USD pair has pulled back just a bit to show signs of hesitation.

During my daily analysis of the Bitcoin market, it initially looked like we were ready to go higher again, but we have since given back those gains and dropped to reach down toward the 50 Day EMA.

The US dollar rallies against the Mexican peso, consolidating near 20 pesos support as economic and geopolitical pressures favor a bullish outlook.

After falling in a resounding manner last Wednesday and Thursday in the aftermath of the U.S Fed’s cautious rhetoric, the NZD/USD is near values last seen in October of 2022.

Ethereum trades sideways near $3,350, supported by the 200-day EMA and $3,000 level, with low holiday liquidity favoring a patient, dip-buying approach.

The US dollar extends gains against the Swiss franc, supported by interest rate differentials and Swiss economic ties to a weak EU, as 0.89 holds firm.

The NASDAQ 100 rebounds, testing key resistance as year-end liquidity issues heighten volatility, while pullbacks offer potential buying opportunities.

The USD/BRL has had a whirlwind of trading action the past two weeks, but the holidays should deliver some relative calm for speculators over the near-term.

The GBP/USD pair was flat after the Conference Board published the latest US consumer confidence report and after the latest UK GDP data.

The AUD/USD pair changed slightly this week as the forex industry continues to experience low volume due to the Christmas holiday.

The British pound faces challenges against the US dollar, testing 1.25 support while likely remaining in a 1.25-1.2750 range amid holiday-driven low liquidity.

Bitcoin price continued its downward trend as the recent upward momentum faded.

Valid long-term bearish trend but likely to range today between $1.0377 and $1.0422.

The Turkish lira continues its decline against the USD, approaching 35.25 amid high inflation, reduced monetary support, and anticipation of Turkey's interest rate decision.

During my daily analysis of the financial markets, the NASDAQ 100 has captured my attention more than just about anything else, because of the violent moves that it has made.