Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair broke higher during the course of the session on Tuesday, but as you can see struggled as we climbed above the 1.25 handle.

The USD/JPY pair formed a hammer during the session on Tuesday, as we trying to to break down below the 115 level, but failed.

The GBP/USD pair initially fell during the course of the day on Tuesday, but found enough support near the 1.56 level to turn things back around and head towards the top of the consolidation area.

Yahoo! Inc. (NASDAQ:YHOO) is aggressively pushing for market share in the search engine business, a field it has struggled in over the years thanks to stiff competition from Google Inc. (NASDAQ:GOOGL).

Swedish based Bitcoin exchange, Safello announced that a new banking partnership will now allow U.K. customers to hold deposits. According to Safello this is a huge opportunity, considering many start-ups in the U.K.

Get the USD/JPY Forex signal for December 16, 2014 here.

Check out the GBP/USD Forex signal for December 16, 2014 here.

Check out the EUR/USD Forex signal for December 16, 2014 here.

Gold prices retreated on Monday, erasing most of the previous week's gains, as better than anticipated data out of the world's largest economy stoked speculations of a hawkish stance from the U.S. Federal Reserve.

According to the analyses of the USD/JPY and EUR/USD, trader profited on a binary options platform. See how here for December 15, 2014.

Internet sensation Baidu Inc. (ADR) (NASDAQ:BIDU) is taking a keen interest in taxi-hailing app Uber.

According to a recent research report released by the Cato Institute, Bitcoin could potentially be replaced by other types of crypto-currencies in the near future, which should have better security features and will be less volatile than the current digital currency.

Check out the EUR/GBP weekly Forex signal for December 15, 2014 here.

Check out the USD/JPY Forex signal for December 15, 2014 here.

Check out the GBP/USD Forex signal for December 15, 2014 here.