Forex Daily Forecast, Analysis and Prediction

Ethereum fell again on Tuesday as we continue to see a lot of negativity in crypto markets.

The euro got absolutely clobbered on Tuesday, as we have broken through the 1.04 level quite handily.

The British pound fell rather hard on Tuesday to slice through the 1.20 level.

The DAX pierced support Tuesday as we continue to see a lot of negativity.

Bitcoin pulled back ever so slightly Tuesday as we continue to see a lot of nothingness, or what could be thought of as “Brownian motion.”

The AUD/USD pair retreated in the American and Asian sessions as worries about a recession converged with hawkish central bank policies.

The EUR/USD pair crashed to the lowest level in over 20 years as the outlook of the European economy worsened.

The GBP/USD pair declined sharply in the overnight session as investors rushed to the safety of the US dollar.

Spot natural gas prices (CFDS ON NATURAL GAS) declined in their recent trading at intraday levels, to record daily losses until the moment of writing this report by -2.95%.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains in its last sessions by 1.05%, to add the index to it about 321.83 points.

The Turkish lira fell during the early trading today, as the markets absorbed the impact of the data released yesterday, which showed the rise in inflation in the country to record levels approaching 80 percent.

With the beginning of this week's trading, the performance of gold prices varied despite the weakness of the US dollar and the recent sharp drop in US Treasury yields.

For the second day in a row, the price of the US dollar against the Japanese yen is rebounding higher, stable around the level of 135.72.

During the last week's trading, the most prominent decline in the Forex market was the collapse of the GBP/USD pair towards the 1.1975 support level, penetrating the 1.2000 psychological support.

The price of the EUR/USD currency pair stumbled again in a rebound higher, as the negative pressures on the euro are still strong and persistent.