Forex Daily Forecast, Analysis and Prediction

Long-term bearish trend persists below $16,949.

The S&P 500 has rallied to bid during the trading session on Tuesday, reaching toward the 50-Day EMA and the 3900 level.

The Nikkei 225 fell during the trading session on Tuesday, as volume returned to the markets.

The NASDAQ 100 initially tried to rally on Tuesday but gave back gains near the 11,150 level.

The Hang Seng initially drifted lower during the trading session on Tuesday, but then turned around to take off to the outside.

The DAX rallied significantly during the trading session on Tuesday, reaching the €14,250 level.

The Turkish currency did not record any changes despite the positive data issued this morning about the decline in the inflation rate in the country.

The Dow Jones Industrial Average declined in its last trading session from its worst year since 2008, to record losses of -0.22%.

Spot natural gas prices (CFDS ON NATURAL GAS) continued to decline during their early trading on Tuesday, to record new daily losses until the moment of writing this report, by -8.50%.

The GBP/USD exchange rate continued wavering on Tuesday morning ahead of the official reopening of the American and UK financial market.

The EUR/USD drifted downwards on Tuesday morning as investors started positioning for the new year.

The USD/ZAR is trading near 16.98000 as of this writing as the currency pair potentially entices speculators as it seemingly sustains value below the 17.0000 ratio.

In a very limited trading session due to the holidays, the price of the EUR/USD currency pair moved in a range between the support level of 1.0658 and the resistance level of 1.0700.

The USD/SGD has turned in a dramatic move lower to start the day, which builds on selling momentum generated since last Thursday.

The bears' control over the future of the GBP/USD exchange rate continues.