Forex Daily Forecast, Analysis and Prediction

The US dollar has initially dipped against the Japanese yen on Monday, but then turns around quite rapidly to form a bullish candlestick

The S&P 500 E-mini contract has reached the 50-Day EMA, breaking above the 3800 level.

The GBP/USD initially gapped higher on Monday but gave back those gains rather rapidly as we continue to see US dollar strength.

The AUD/USD has fallen rather hard during the session on Monday as the 0.64 level has offered too much in the way of resistance.

The NASDAQ 100 initially pulled back on Monday, but then turned around to find buyers yet again.

At the end of trading last week, with the decline in the price of the US dollar.

I have often pointed out and warned that the collapse of the Japanese yen will not last long, despite the USD/JPY having crossed the psychological resistance level of 150.00.

Strong volatility and the absence of a clear direction continue to affect the performance of the GBP/USD currency pair, in light of concerns about the future of political and economic life in Britain.

At the end of last week’s trading, the record US dollar gains were temporarily halted, which allowed the EUR/USD currency pair to rebound higher with gains towards the 0.9870 resistance level, which closed trading stable around it.

Spot natural gas prices (CFDS ON NATURAL GAS) continued their decline in early trading on Thursday.

The Dow Jones Industrial Average jumped in its recent trading at the intraday levels, to achieve sharp gains in its last sessions, by 2.47%, to gain about 748.97 points.

The USD/BRL went into the weekend around the 15.1610 mark and traders should expect a gap upon the currency pair’s opening this morning as always.

The USD/ZAR has opened with slight bullish movement in early trading this morning as global markets continue to display nervousness.

The GBP/USD price rose slightly as the market focused on the political situation in the UK and the rising possibility of a recession in the country.

The EUR/USD price continued recovering as investors refocused on the upcoming interest rate decision by the European Central Bank (ECB).