Forex Daily Forecast, Analysis and Prediction

During Tuesday's trading session, the Euro experienced a significant drop, with the 50-day Exponential Moving Average now in focus.

The S&P 500 experienced a slight retreat early in Tuesday's trading session, as traders returned from the Martin Luther King Jr. holiday in the United States.

The US dollar experienced a significant rally against the Japanese yen in Tuesday's trading session, following the return of traders from the Martin Luther King Jr. holiday.

The US dollar has rallied rather significantly during the trading session on Tuesday, as it looks like we are trying to reach the 50-Day EMA.

The silver market witnessed a decline in its performance during the Tuesday session, as traders returned from the holiday period with renewed activity.

The natural gas markets experienced a significant decline during Tuesday's trading session, signaling a potential end to the consolidation range that has characterized most of this year.

The gold market experienced a decline in its performance during the recent trading session, a consequence of the return of full liquidity to the marketplace.

The crude oil markets exhibited a slight uptick in trading activity during Tuesday's session, signaling a phase of consolidation and potential accumulation.

In early morning trading the USD/SGD has jumped upwards and values are suddenly trading near mid-December prices as speculators wonder what has happened to the bearish trend.

The USD/BRL remains seemingly locked within the lower realms of its mid-term price range as support levels are clearly within sight.

The EUR/USD exchange rate has proven to be a resilient pair in recent days.

The pound sterling began trading in 2024 on a positive note, but strong technical resistance and three key data releases in the UK suggest that the downside risks are elevated in the coming days.

Despite the strength of the US dollar, the price of gold (XAU/USD) shows stability, as it stabilizes around the level of $2055 per ounce at the time of writing the analysis.

Since the start of trading this week, the USD/JPY pair has been on an upward bounce, with gains that have reached the resistance level of 146.26.

During Monday's trading session, the US dollar had a significant rally against the Japanese yen, despite limited liquidity due to the observance of Martin Luther King Jr. Day in the United States.