Forex Daily Forecast, Analysis and Prediction

The US dollar has broken down significantly during the trading session on Tuesday, grinding below the ¥110 level later in the day.

The Euro initially tried to rally during the trading session on Tuesday but gave back all of the gains to turn around a break below the 1.11 handle again.

The British pound has rallied a bit during the trading session on Tuesday, as traders came back to work in New York.

The NASDAQ 100 has gone back and forth during trading on Tuesday, as traders came back from the Martin Luther King Jr. holiday.

The Australian dollar initially tried to rally during the trading session on Tuesday but gave back the gains to break down significantly through the 50 day EMA.

USD/JPY: Longer-term bullish breakout still probable

With the start of 2020, bullishness across the cryptocurrency sector added to gains, which started to emerge in December 2019.

BTC/USD: Increasing bearish pressure

GBP/USD: Consolidating triangle formation

Crude oil markets rallied a bit during the trading session on Tuesday but found the $60 level to be a bit too expensive and fell towards the 200 day EMA.

Natural gas markets have gapped lower to kick off the first true trading session of the week, as volume came back into play.

Cotton markets got absolutely hammered on Tuesday, which would have been the first full day of liquidity after the Martin Luther King Jr. holiday.

The DAX futures continue to look very positive as we had initially pulled back during the trading session on Tuesday, only to find buyers again

Gold markets have gone back and forth during the trading session on Tuesday as traders have come back to work.

Increasing the bright outlook for the Turkish economy in 2020, amid a slowing global one, is the ongoing support of the government to exporters.