Forex Daily Forecast, Analysis and Prediction

The exchange rate of the Turkish lira stabilized against the dollar during early trading this morning, Tuesday.

The Dow Jones Industrial Average continued to rise in its recent trading on the intraday levels, to achieve gains for the fourth day in a row by 0.33%.

Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Tuesday, achieving slight daily gains until the moment of writing this report, by 1.84%.

The West Texas Intermediate Crude Oil market has pulled back a bit during the trading session on Monday and what would have been relatively thin action.

Silver has been rather back and forth during the session on Monday, as we continue to hang around the top of consolidation.

The Nikkei 225 is sitting at a major support level currently, as it waits for the Bank of Japan monetary policy statement coming out early on Tuesday.

Gold markets did rally a bit to kick off the session on Monday, but it’s worth noting that we were in a somewhat thin environment as it was Martin Luther King Jr. Day in the United States, meaning that a lot of the big houses that trade the futures markets would of course been away.

The DAX has pulled back just a bit during the trading session on Monday, as it looks like it is a little bit heavy at this point, just above the €15,100 level.

For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside, stable around the resistance level 129.15 at the time of writing the analysis.

For the second day, XAU/USD gold price is exposed to some limited bearish correction, settling around the level of 1907 dollars an ounce, at the time of writing the analysis.

The EUR/USD exchange rate entered the new week's trading near its highest level in eight months.

The USD/CAD has maintained its lower price range attained over the last month of trading, but short-term values are in the middle of its five day results.

The NZD/USD had delivered a flurry of whipsaw reversals which likely have caused considerable pain to speculators who have not been using proper risk management.

The AUD/USD has rallied rather significantly during the trading session on Monday, breaking above the psychologically important 0.70 level, and of course the top of the channel that we have been trading in for a while.

The USD/CHF has gone back and forth during the trading session on Monday, in what would have been somewhat light trading since it was Martin Luther King Junior Day in the United States.