Forex Daily Forecast, Analysis and Prediction

ETH/USD has experienced a strong selloff, and the broad cryptocurrency market is challenging important support levels across the spectrum.

The S&P 500 initially rallied in the futures market on Monday but gave bank gains as we approached the 50-day EMA.

Bitcoin markets have rallied a bit on Monday as the $30,000 level has offered a reasonable amount of support.

Gold markets continued to grind back and forth on Monday as yields in America continue to jump above 3% periodically in the 10-year note.

The West Texas Intermediate Crude Oil market pulled back just a bit on Monday to start off the week on the back foot.

The euro initially tried to rally on Monday but has pulled back from the highs as the 50-day EMA came into the picture.

The US dollar rallied significantly on Monday to break to a fresh, new high against the Japanese yen.

The BTC/USD declined sharply in he overnight session as its recovery hit a strong resistance at 31,426.

The GBP/USD pair moved sideways as political temperatures rose.

The pair will likely keep falling as bears target the key support level at 1.0640.

The Turkish lira returned to record new losses against the US dollar after data during the past week showed that inflation in the country rose to its highest level in nearly a quarter of a century.

Despite the strength of the US labor market numbers, the price of the EUR/USD currency pair is trying to stabilize above the resistance 1.0700.

Fed policy and the financial conditions affecting it have shifted in a tighter direction at a brisk pace since June of last year

The pound against the dollar rebounded from its earlier losses late last week but faltered again in weak holiday trading on Friday

Gold futures are struggling to hold on to weekly gains after a strong US jobs report for May raised the likelihood of maintaining the Federal Reserve's approach to fighting inflation.