Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 initially tried to rally on Tuesday but gave back gains near the 11,150 level.

The Hang Seng initially drifted lower during the trading session on Tuesday, but then turned around to take off to the outside.

The DAX rallied significantly during the trading session on Tuesday, reaching the €14,250 level.

The Turkish currency did not record any changes despite the positive data issued this morning about the decline in the inflation rate in the country.

The Dow Jones Industrial Average declined in its last trading session from its worst year since 2008, to record losses of -0.22%.

Spot natural gas prices (CFDS ON NATURAL GAS) continued to decline during their early trading on Tuesday, to record new daily losses until the moment of writing this report, by -8.50%.

The GBP/USD exchange rate continued wavering on Tuesday morning ahead of the official reopening of the American and UK financial market.

The EUR/USD drifted downwards on Tuesday morning as investors started positioning for the new year.

The USD/ZAR is trading near 16.98000 as of this writing as the currency pair potentially entices speculators as it seemingly sustains value below the 17.0000 ratio.

In a very limited trading session due to the holidays, the price of the EUR/USD currency pair moved in a range between the support level of 1.0658 and the resistance level of 1.0700.

The USD/SGD has turned in a dramatic move lower to start the day, which builds on selling momentum generated since last Thursday.

The bears' control over the future of the GBP/USD exchange rate continues.

The West Texas Intermediate Crude Oil market rallied a bit on Friday, and of course was closed on Monday, at least in the futures market.

For three consecutive trading sessions, the USD/JPY exchange rate has moved in a downward retracement path, with losses.

The S&P 500 was closed on Monday, but as we have seen over the last couple of weeks, we have been hanging around in a consolidation area between the 3800 level underneath, and the 3850 level a bomb.