Forex Daily Forecast, Analysis and Prediction

The EUR/USD exchange rate hit a six-week high in recent trading.

The GBP/USD exchange rate attempted to extend its month-long recovery last week, but was unable to reach a new high.

For four trading sessions in a row, the price of the USD/JPY currency pair is settling in a narrow range between the support level of 131.73 and the resistance level of 133.90.

The price of gold fell after four consecutive weeks of gains as investors assessed the outlook for the hawkish path of the Federal Reserve and on further indications that China is struggling to recover.

The Dow Jones Industrial Average Index rose during its recent trading at intraday levels, to achieve gains for the fourth consecutive day, by 0.45%.

The USD/CAD had a stormy day of trading on Monday and early today suggests speculative forces may be standing by for more price action.

The USD/ZAR is trading politely within a rather intriguing five day range and resistance up above could prove a useful strategy for wagers.

Price has room to fall to $1.1958.

The West Texas Intermediate Crude Oil market fell rather hard during the early hours on Monday, crashing into the previous support level of around $87.

The EUR/USD currency pair fell hard on Monday, reaching down to the 1.0150 level.

The GBP/USD currency pair broke down quite a bit Monday as we continue to see the US dollar strengthen against almost everything.

The S&P 500 Index rallied on Monday again after initially falling.

The NASDAQ 100 Index rallied yet again on Monday to show that the markets are ready to continue ripping toward the 200-day EMA.

The US dollar pulled back a bit against the Japanese yen in early Monday morning trading only to turn around and show signs of support.

Gold markets fell almost immediately in the futures market on Monday as we continue to hear a lot of noise around the US dollar and the interest rate complex.