Forex Daily Forecast, Analysis and Prediction

Gold markets continue to hover just below the $1900 level during trading on Tuesday, as we simply have nowhere to be.

No natural obstacle to rise before $30k.

If the price holds up, it's set to rise higher.

Speculative bears are contemplating a powerful trend.

Oversupply concern creates consolidated value.

New month, new year, new highs for German stocks?

Speculators who are looking at the Dow Jones 30 and thinking that the time to sell is now may want to reconsider their perceptions.

Market optimism helped the EUR/USD stick to its recent gains, which extended to the 1.2250 resistance at the beginning of this week's trading, before stabilizing around the 1.2238 level.

The GBP/USD currency pair fell at the beginning of this week's trading to the 1.3430 support, before stabilizing around the 1.3482 level as of this writing.

Amid expectations of low volume and short-term fluctuation, the USD/JPY continued in limited ranges and the pair stabilized around the 103.65 level as of this writing.

The price of an ounce of gold pushed to the $1900 resistance at the beginning of this week's trading, but quickly retreated to the $1869 support before stabilizing around the $1879 level as of this writing.

The GBP/USD pair fell from the price level of 1.3618 to the level of 1.3425 that it reached yesterday.

Investors in the DAX Index are enjoying the holiday season, as trading the last two days has produced gaps higher when the market has opened.

The USD/MXN has re-established its bearish trend in a strong manner, but holiday trading volumes remain light, which may create a bit of skepticism among some speculators.

The USD/INR is traversing important support levels and has proven that downward momentum has the capability of re-establishing its bearish trend.