Forex Daily Forecast, Analysis and Prediction

The Dow Jones Industrial Average rose again in its recent trading at the intraday levels.

The Bank of England (BoE) interest rate announcement deepened the economic downturn.

Gold futures recovered from sharp losses last week as the XAU/USD gold price found momentum from weak US dollar and lower US Treasury yields.

As was the closing of last week’s trading, the performance of the USD/JPY currency pair continued to be stable around its 32-year high.

Since the start of this week's trading, the price of the EUR/USD currency pair has been moving amid upward momentum, with a temporary halt to the gains of the US dollar.

The AUD/USD currency pair has rallied significantly during the trading session on Monday, as we continue to consolidate overall.

The US dollar continues to look like it wants to rally against the Japanese yen, as we continue to see a lot of negativity when it comes to the Japanese yen.

Gold markets have rallied a bit during the trading session on Monday to kick off the week, as the US dollar has dropped a bit during the trading session.

The USD/CAD currency pair has pulled back just a bit during the trading session on Monday to kick off the week on its back foot.

The GBP/USD currency pair has rallied significantly during trading on Monday, reaching the 50-Day EMA, showing an attempt to break out to the upside.

The Crude Oil market has tried to rally a bit during the session on Monday, but gave back gain as it looks like we are threatening the $85 level.

The S&P 500 E-mini contract rallied significantly on Monday to show signs of life again, as we continue to consolidate.

The NASDAQ 100 gapped higher to kick off trading on Monday, and never look back.

The DAX has rallied to reach the 50-Day EMA during the trading session on Monday, as we have seen a little bit of recovery.

The USD/MXN is once again trading below the 20.00000 ratio.