Forex Daily Forecast, Analysis and Prediction

The Ethereum market was relatively quiet during the Monday session, after spending most of the weekend selling off.

Gold price was little changed near its weakest level in more than two years as investors weigh the potential size of a looming interest rate hike by the Federal Reserve, which could put renewed pressure on the precious metal.

The Bitcoin market has broken significantly during the trading session on Monday but then turned around to form a bit of a hammer.

With the start of this week’s trading and amid a temporary halt in the dollar’s​​gains, the GBP/USD pair succeeded in moving higher, amid caution, to the level of 1.1436.

The US dollar continues to find buyers on dips against the Japanese Yen.

Amid a temporary halt in the gains of the US dollar, the price of the pair EUR/USD gained some momentum to achieve gains that reached the level of 1.0025 at the time of writing the analysis.

The British pound has found a little bit of support near the 1.14 level, an area that has been important over the last couple of days.

The Australian dollar has gone back and forth during trading on Monday as we continue to threaten the 0.67 level.

The EUR/USD continues to go back and forth during the trading session on Monday, as we seem to be attracted to the parity level.

The USD/ZAR as of this writing is near the 17.68000 ratio as of this writing with fast results being produced.

The USD/INR continues to produce opportunities for speculators who have the desire to participate within fast trading conditions.

Looking at the chart, you can see that the S&P 500 E-mini contract initially fell for the day but showed signs of life again.

The NASDAQ 100 bounced a bit during the trading session on Monday as we continue to see value hunters come back into the picture.

The EUR/USD price remained in a tight range close to its lowest level in 20 years as focus shifted to the upcoming Fed decision and Christine Lagarde's statement.

The BTC/USD price crashed to a multi-month low of 18,280 as the focus remained on the upcoming Fed interest rates.