Forex Daily Forecast, Analysis and Prediction

Our positive expectations surrounding the commodity are that it will continue during its upcoming trading.

The Dow Jones Industrial Average continued to decline in its recent trading at the intraday levels, to record losses for the third consecutive day, by -0.68%.

The price of gold rose to its highest level in more than eight months as fears of heightened geopolitical tensions fueled demand for safe haven assets.

The GBP/USD exchange rate consolidated its recovery from its lows in late January last week.

I expected before that the recovery attempts of the EUR/USD currency pair may quickly collide with renewed fears of war in Europe.

In the same course as last week, the price of the USD/JPY currency pair moved downwards, with losses to the 114.50 support level in the morning trading today, before settling around the 114.75 level at the time of writing the analysis.

The gold markets have been all over the place on Monday, as we continue to see a lot of geopolitical concern near the Ukraine/Russia border.

The West Texas Intermediate Crude Oil market initially gapped higher on Monday, but then turned around to show signs of hesitation.

The Euro initially tried to rally towards the 1.14 level during the trading session on Monday but has given back gains rather quickly.

The US dollar initially fell against the Norwegian krone on Monday, reaching down towards the 8.91 level before turning around and rally again.

Bitcoin has broken significantly lower during the trading session on Monday to crash through the $40,000 level.

Bitcoin declines for six successive days with no end in sight.

DOGE/USD has fallen to significant short term lows as the price of the speculative cryptocurrency moves quickly around 0.12750000 cents as of this writing.

ETH/USD has fallen sharply in early trading this morning, which has sustained Ethereum’s bearish short and mid-term trends.

The Monero market initially tried to rally on Monday but gave back gains to slam into the $150 level.