Forex Daily Forecast, Analysis and Prediction

Bitcoin has rallied slightly in the early hours on Tuesday as we continue to see a lot of choppy sideways behavior.

Choppy trading is likely today due to low liquidity and several support and resistance levels located close to the current price.

The US dollar has risen against the Canadian dollar again on Tuesday in what looks like it's going to end up being a bit of a turnaround

Silver rallied a bit during the early hours on Tuesday to fight back against the massive selling pressures of Monday.

The GBP/USD exchange rate pulled back on the last trading day of the year as the recent bull run faded. It also pulled back after the Federal Reserve published minutes of the last meeting. It dropped to 1.3450, down from this month’s high of 13535.

Bitcoin price remained in a tight range on the final trading day of the year, capping a year in which it underperformed other assets like gold and the stock market. The BTC/USD pair was trading at 88,340, down by 30% from its highest level this year.

The AUD/USD pair remained in a narrow range and was hovering at the highest level since October last year. It was trading at 0.6700, much higher than the year-to-date low of 0.5914.

Despite economic uncertainty, stubborn core inflation, a slowing labor market, and weakening consumer confidence, the massive investment into AI and data centers has powered equity markets higher. Find out about the best data center stocks to buy now and hold through the boom cycle.

With inflation and inflation expectations uncomfortably high, the potential for an interest rate cut by the US Federal Reserve, and geopolitical risks rising, investors should consider Gold and Gold stocks, with this precious metal trading at all-time highs.

A dismal average return on invested capital, sub-standard annual revenue gains, and insider selling raise red flags. What’s next after a double breakdown in Global Life?

A robust core business, superb free cash flow margins, and industry-leading earnings-per-share growth power a bullish case. More upside ahead for DexCom?

The South African Rand has seen another month of very solid bearish momentum continue in December, as the New Year gets ready to start speculators will wonder if the trend can remain strong.

The NZD/USD is trading within sight of the 0.58100 ratio as holiday trading dominates the Forex market and large financial players are absent from the landscape.

This is turning out to be a massive engulfing bearish candlestick that could create more selling, and if we drop below $70, I think things could get ugly quickly.

The 0.79 level is an area that we’ve been watching for a while here, and it’s acted like a basement, for the market.