Forex Daily Forecast, Analysis and Prediction

Singapore has avoided a technical recession as the preliminary third-quarter GDP expanded, but annualized growth barely avoided a standstill.

Optimism about a Brexit deal by the end of this week’s EU summit, which will start tomorrow and conclude on Friday, have pushed the British Pound to a multi-month high.

Optimism about a real US-China trade deal is fading quickly, especially after the US House of Representatives passed the “Hong Kong Human Rights And Democracy Act” which supports anti-government protesters.

NZDUSD: More bearish below 0.6250

AUDUSD: Support at 0.6731 pivotal today

USDJPY: Pivotal area from 108.60 to 109.00

Bitcoin: More bearish below $8,047

USDCAD: Today’s pivotal point likely to be 1.3177

USDCHF Analysis: Trendless ranging price action

GBPUSD: Very bullish but volatile on Brexit deal rumours

EURUSD: Weakly bullish above 1.1018

The West Texas Intermediate Crude Oil market has fallen again during the trading session on Tuesday, but then turned around to show signs of support just below the $53 level.

The US dollar has initially pulled back a bit during the trading session on Tuesday, reaching towards the bottom part of the hammer from the previous session before rallying again.

The S&P 500 rocketed to the upside during the trading session on Tuesday as banks reported solid earnings ahead of the bell. By doing so, the market tested the 3000 level, an area that of course causes a certain amount of psychological and structural resistance.

Natural gas markets shot higher during the trading session on Tuesday after initially pulling back. As we closed out the open pit session, the market is very close to the 50 day EMA.