Forex Daily Forecast, Analysis and Prediction

The Australian dollar experienced a slight retreat in Monday's trading session, reflecting prevailing uncertainties surrounding global risk appetite.

The Gold markets have displayed a degree of noise but have generally trended positively.

The EUR/USD exchange rate moved sideways on Tuesday as geopolitical risks remained and as traders reflected on a hawkish statement from an ECB official.

The GBP/USD pair remained in a consolidation mode as traders assessed the next actions by the Federal Reserve.

Bitcoin moved sideways as the recent Bitcoin ETF hype fizzled out. The BTC/USD pair remained unchanged at 42,900, where it has been stuck at since Friday.

My previous signal on 9th January was not triggered as none of the key support or resistance levels were reached that day.

Bitcoin experienced a slight pullback during the recent trading session, showing signs of confusion following the announcement of the ETF.

The British pound initially tried to rally during the day on Monday but has given back the gains to show hesitation to breach the major resistance barrier just above in the form of the 1.2750 level, an area that has proven itself to be worthy of note more than once.

The S&P 500 had a rather subdued electronic trading session overnight due to the observance of Martin Luther King Jr. Day in the United States, which kept the underlying index closed for regular trading.

Silver has maintained a relatively stable position in recent trading sessions, with limited changes observed.

The natural gas market showed limited activity on a recent Monday session, which aligns with expectations due to the observance of Martin Luther King Jr. Day in the United States, resulting in reduced trading hours in the futures markets.

The Euro's recent performance can be described as Brownian motion, characterized by motion without a clear direction—essentially, a state of nothingness.

Crude oil markets experienced a decline in trading activity Monday, due to the observance of Martin Luther King Jr. Day in the United States.

The USD/MXN is trading near important lower values as it remains slightly above important support levels and speculators likely decide on their wagers.

In early trading this morning the USD/ZAR has come off highs produced when the day began.