Forex Daily Forecast, Analysis and Prediction

For four trading sessions in a row, the price of the EUR/USD currency pair is settling around its recent losses extending towards the 1.0470 support level, the lowest in five years.

With the beginning of this week’s trading, the price of the US dollar against the Japanese yen returned to stability above the 130.00 psychological resistance, its highest in 20 years.

Gold futures contracts are on track to achieve the worst performance for one session in two months, as they fall below $1900 with the start of this important week's trading.

Investors still prefer to buy the US dollar due to strong expectations for the future of US interest rate hikes.

Yesterday, the Dow Jones Industrial Average rose during its recent trading at intraday levels, to achieve gains for the second day in a row, by 0.26%, to gain 84 points.

Get today's recommendation on the lira against the dollar for May 3, 2022 here.

Today, spot natural gas prices (CFDS ON NATURAL GAS) rose during yesterday’s trading session, after a series of rises during the last trading period at intraday levels.

New long-term lows were made in the NZD/USD yesterday, as the Forex pair awaits impetus from the U.S Federal Reserve’s pronouncement this coming Wednesday.

SOL/USD has managed a slight reversal higher in early trading this morning, but conditions remain choppy as the cryptocurrency remains near crucial lows.

Today’s pivotal point is likely to be 0.7083.

The German DAX Index gapped lower in the futures market right away on Monday, turned around to fill that gap, and then fell again.

The euro initially gapped higher to kick off the Monday session but has given back all of the gains to slam into the 1.05 level again.

Litecoin fell a bit on Monday to pierce the $100 level.

Ripple fell rather hard on Monday to break down to as low as $0.57, before bouncing enough to form a bit of a hammer.

The West Texas Intermediate Crude Oil market fell initially on Monday to reach down to the 50-day EMA.