Forex Daily Forecast, Analysis and Prediction

My previous USD/JPY signal on 10th January was not triggered, as none of the key support or resistance levels I had identified were reached that day.

The US dollar has had a back-and-forth session during the day on Tuesday as we continue to mess about the area just below the ¥130 level.

The DAX has rallied a bit during the trading session on Tuesday, we gave back a bit of the gain at the highs of the day to form a bit of a shooting star.

The GBP/USD price spiked to the highest point since December 14 as the US dollar index sell-off continued.

The EUR/USD price retreated to the lowest point since January 12 after the weak Chinese economic data and Goldman Sachs results.

The Parisian index has rallied a bit during the trading session on Tuesday as we are now well above the €7000 level.

The AUD/USD price rose slightly as investors predicted that China’s government will boost spending to save its economy.

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.