Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair dropped below a key support level as concerns about the state of the UK economy as the crisis in Ukraine continues.

The EUR/USD pair continued its bearish trend in the overnight session as risks of a European recession rose.

The AUD/USD pair dipped below a key support level as concerns about the global economy continued.

The GBP/USD exchange rate fell sharply last week and may be subject to more losses.

The price of the euro against the dollar entered the new week’s trading near its lowest level in two years and may be subject to more losses.

Spot natural gas prices (CFDS ON NATURAL GAS) declined during the recent trading at the intraday levels, to record new daily losses until the moment of writing this report, by 2.27%.

The gold market got a bullish price gap that pushed it towards the psychological resistance level of 2002 dollars an ounce.

The Dow Jones Industrial Average declined sharply during its recent trading at the intraday levels, to record losses for the third consecutive session, by -2.37%.

The price of the USD/JPY currency pair attempted to recover, stable around the 115.47 resistance level.

The Turkish lira continued its losses against the dollar during early trading on Tuesday, as investors increased their appetite for safe haven currencies such as the dollar at the expense of the currencies of emerging economies.

DOGE/USD is trading below 12 cents as of this writing and speculative nervousness is clearly being demonstrated within the cryptocurrency.

LUNA/USD has traded lower and is near important shor- term depths, as its influencers and speculators grapple with nervousness in the broad cryptocurrency market.

Ethereum initially tried to rally on Monday but gave back gains to crash into the $2500 level.

Monero initially tried to rally on Monday but found plenty of sellers near the $175 level to turn things around and show signs of exhaustion.

The West Texas Intermediate Crude Oil market initially gapped for the open on Monday and then shot all the way up to the $130 region.