Forex Daily Forecast, Analysis and Prediction

The GBP/USD price rose to the highest level since October 4 as the market reacted to the new Prime Minister.

The EUR/USD price made a bullish breakout after the latest American house price index data.

The BTC/USD price rose to above 20,000 for the first time since October 7 as American stocks rebounded and bond yields slipped.

The AUD/USD price rose after the new Australian government unveiled its budget and after the latest consumer price index data.

The S&P 500 E-mini contract has broken above the 50-Day EMA as the “hopium rally” has continued on Tuesday.

The DAX initially fell during the trading session on Tuesday but found enough buyers underneath to keep the market somewhat afloat.

GBP/USD has risen against the US dollar as traders starting to bet that the worst of the crisis in Great Britain is over.

The FTSE 100 initially pulled back a bit during the trading session on Tuesday, but then turned around to reach back to the 7000 level.

The NASDAQ 100 rallied a bit during the trading session on Tuesday to touch the 50-Day EMA.

The EUR/USD has rallied significantly during the trading session on Tuesday to show signs of life again, testing a major downtrend line.

Gold markets have fallen a bit during the trading session on Tuesday but turned around to show signs of life as we continue to see a lot of volatility in the markets overall.

Bitcoin has rallied slightly during the trading session on Tuesday, but we still suggest below the 50-Day EMA,

The West Texas Intermediate Crude Oil market continues to see a lot of a sideways grind, as the market has been noisy to say the least.

The AUD/USD has slammed into the top of the overall consolidation area again, as we continue to see a lot of back and forth in the Forex world.

The TRY/USD recorded new levels of declines after the dollar recorded new heights yesterday.