Forex Daily Forecast, Analysis and Prediction

Natural gas markets have rallied a bit during the trading session on Tuesday but still remain very tight as we have been going back and forth in the same area for some time.

Gold markets have pulled back a bit during the trading session on Tuesday, reaching down towards the $1568 level.

Cotton markets initially gapped lower to kick off the trading session but then turned around a break above the top.

The bitcoin markets have initially rally during the trading session on Tuesday but pulled back to form a bit of a shooting star.

AUD/USD: Lots of room to fall further

USD/JPY: Risk-off shocks boost Yen

Bitcoin: 2020 has seen solid long-term buying

After this currency pair was rejected by its resistance zone, a more massive corrective phase is expected to follow.

GBP/USD: Ascending Trend Line has Held

Economic fundamentals continue to improve for Turkey as the Eurozone is at risk from its central bank’s monetary policy, fueling structural issues.

EUR/USD: Support level at 1.0993 looks pivotal

Brexit is less than 72 hours away, and while opinions on the long-term impact differ, the British Pound is advancing.

Australian economic data came in slightly better than expected and was just enough to stabilize the AUD/SGD inside of its support zone.

The struggle of safe heavens appears evident in the performance of the USD/JPY pair.

In the beginning of trading this week, gold prices moved strongly towards the top, recording the $1588 resistance, the highest level in more than two weeks, before stabilizing around $1580 at the time of writing.