Forex Daily Forecast, Analysis and Prediction

During the trading session on Tuesday we have seen the Euro break down rather significantly.

The US dollar has broken higher after initially dropping against the Japanese yen during the day on Tuesday, breaking above the top of the inverted hammer that formed for the Monday session.

The WTI Crude Oil markets gapped lower to kick off the trading session on Tuesday, turned around to fill that gap and reach towards the $60 level before collapsing.

USDJPY: More bullish above 108.11

Bitcoin: More bearish under $10,000

USDCAD: Pivotal point at 1.3062?

USDCHF Analysis: Ranging between 0.9873 and 0.9909

GBPUSD: Very bearish at new 27-month low price

EURUSD: Can bears break below key support at 1.1200?

Bitcoin saw more selling pressure on Tuesday, breaking below the $10,000 level.

Natural gas markets broke down during the trading session on Tuesday as we continue to see a lot of noise in this market.

The S&P 500 tried to rally a bit during the trading session on Tuesday, but then broke down towards the 3000 handle.

Gold markets initially tried to rally during the trading session on Tuesday but gave back the gains to reach towards the $1400 level.

This week's EUR / USD pair was calm and in a limited range as expected within the 30-point range and limits only as the economic calendar is free of any significant and influential data.

The economic calendar today will highlight the results of jobs and wages data in Britain and the US retail numbers, which will have a strong effect on the GBP/USD performance.