Forex Daily Forecast, Analysis and Prediction

The crude oil market experienced a rally during the early hours of Tuesday as it attempts to establish a trading range for the year 2024.

In Tuesday's trading session, the gold market witnessed a modest rally amid ongoing market fluctuations.

Natural gas prices surged during the early hours of Tuesday's trading session, but they encountered a formidable obstacle just above.

Bullish double bottom may have formed at $1.2686.

Silver has experienced a minor upturn during today's trading session, yet it appears that it is encountering some resistance from the 200-day EMA.

The S&P 500 experienced a slight pullback during the early Tuesday trading session, likely in an attempt to balance out some of the excessiveness from the robust gains observed on Monday.

The Euro has been experiencing a lack of clear direction in recent trading sessions.

The US dollar has rallied early against its northern neighbor, but there is still a significant amount of resistance at the 1.34 level in the Canadian dollar.

The US dollar exhibited a minor retreat against the Japanese yen as the Tuesday trading session commenced.

The Bitcoin market experienced a slight decline during Tuesday's trading session, with its value hovering around the crucial $47,500 level.

The EUR/USD exchange rate remained in a consolidation mode as traders waited for the upcoming US inflation data.

Bitcoin held tight as traders waited for the closely-watched spot ETF decision by the Securities and Exchange Commission (SEC).

The Australian dollar pulled back against the greenback ahead of the crucial US consumer inflation data.

The exchange rate of the British Pound against the US Dollar GBP/USD is on a short-term upward trend that may extend in the coming days.

Without EUR/USD adjusting to gains above 1.10 negative resistance during the off days, however, weak inflation adjustment on Thursday could keep the pair supported above 1.09 until the end of the week.