Forex Daily Forecast, Analysis and Prediction

The British pound initially fell on Monday to test the 1.30 handle before bouncing and showing signs of life.

Ethereum fell rather significantly on Monday, initially trying to rally before selling off.

Polkadot fell hard on Monday as crypto got crushed.

The S&P 500 futures market fell on Monday to slice through the 50-day EMA.

The euro gapped higher to kick off the trading session on Monday but then turned around to fill that gap rather quickly.

The US dollar rallied significantly on Monday to break above the top of a shooting star candlestick from Friday.

The Euro Stoxx 50 went sideways over the last three trading sessions as we hang about the €3750 region.

The Bitcoin market broke down significantly on Monday as we kicked off the week on the wrong foot.

The gold markets rallied significantly on Monday but gave back the gains rather drastically as the interest rates in America shot up straight in the air again.

The West Texas Intermediate Crude Oil market fell on Monday to pierce a significant uptrend line.

The BTC/USD pair crashed hard during the American and Asian sessions as macro concerns continued.

The EUR/USD pair declined as investors reflected on the latest France election and the upcoming US and Germany consumer inflation data.

The AUD/USD pair slipped to the lowest level since March 22 as investors refocused on the upcoming Australian election and the rising bond yields.

With the beginning of this important week's trading, the price of the EUR/USD currency pair is trying to recover from last week's sharp losses,

At the end of last week's trading, the GBP/USD exchange rate approached its lowest levels in 2022 as US government bond yields rose further and the dollar's strength expanded.