Forex Daily Forecast, Analysis and Prediction

Amid careful monitoring of the future of the Bank of Japan's policy after its recent surprise, the exchange rate of the currency pair of the US dollar against the Japanese yen USD/JPY is moving in the middle of an upward movement.

In a sudden upward movement yesterday, the price of gold XAU/USD jumped towards the resistance level of $1833 per ounce.

The USD/BRL has rallied again during the trading session on Tuesday, which of course, is highly levered to commodities and Latin America overall.

The USD/JPY is around the sea. After all, we are trying to recapture the ¥133.50 level.

The USD/CHF has fallen a bit during the trading session on Tuesday, as we are hanging around the 0.93 CHF level.

The GBP/USD has found itself failing at the 200-Day EMA, an indicator that a lot of people will of course, be paying attention to.

The EUR/USD did almost nothing during the day on Tuesday, which would not be a huge surprise considering that the market must worry about a couple of major holidays.

The West Texas Intermediate Crude Oil market has broken above the 50-Day EMA, albeit just barely.

Although traders did come back to work on Tuesday, the reality is that volume is very thin.

The Nifty 50 gapped higher to kick off the Tuesday session, pulled back to fill that gap to reach the ₹18,000 level, only to turn around and show signs of life again.

The NASDAQ 100 fell during the trading session on Tuesday as traders continued to price in the idea of a slowing global economy.

Gold markets have shot higher during the trading session and what would have been a very thin holiday environment.

Long-term bearish trend persists.

The GBP/USD exchange rate continued its bearish trend as the divergence between the US and UK continued.

The EUR/USD price continued consolidating in a period characterized by thin volumes and low volatility.