Forex Daily Forecast, Analysis and Prediction

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.

The BTC/USD currency pair initially rallied on Monday but turned around to give back those gains and show signs of weakness.

Ethereum markets pulled back just a bit on Monday as we continue to see the $2000 level offer a significant amount of resistance.

The AUD/USD currency pair has dropped rather heavily to kick off the week on Monday, slamming into the 0.70 level.

The EUR/USD price declined sharply as risks of more economic pain in Europe continued.

The BTC/USD price moved sideways and remained above the important support at $24,000 as the recent rebound stalled.

The AUD/USD price pulled back in the overnight session as the market reflected on the strong US dollar, RBA minutes, and signs of weakness in China.

The price of the Turkish lira against the US dollar has stabilized unchanged at the same level for nearly three weeks, which clearly shows the intervention of the Turkish Central Bank in the exchange markets to achieve a kind of balance for the price of the USD/TRY currency pair.

Spot natural gas prices stabilized at an increase in recent trading at intraday levels, to record daily losses until the moment of writing this report, by -1.62%.

Gold futures held above the $1800 level to close out the week, driven by easing inflation expectations and the expectation that the Federal Reserve will focus its tightening efforts.