Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair rose to the highest level since November 4 2021 even after the hawkish statement by Jerome Powell.

The EUR/USD exchange rate recovered more than last week from two-year lows, but with multiple layers of resistance looming on the charts

The price of gold remained in a state of stability, heading to the upside, despite more hawkish hints by US Central Bank Governor Jerome Powell towards the future of raising US interest rates during 2022.

More hawkish hints of the future policy of the US Federal Reserve were a determining factor for further gains of the US dollar against other major currencies.

During last week's trading the GBP/USD exchange rate has smartly rebounded from three-month lows.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to break a series of gains that continued for five consecutive sessions.

Natural gas prices trended much flatter on Monday.

The Turkish lira has stabilized without significant changes against the dollar since yesterday's trading.

The S&P 500 had a relatively quiet session on Monday, as we continue to hang about the previous uptrend line.

The USD/JPY has continued to push higher as financial institutions react to hawkish rhetoric from the U.S Federal Reserve.

There are strong resistance levels overhead.

BNB/USD is showing signs of speculative buying, and in early trading today broke through the 400.0000 juncture and has shown the ability to sustain price.

Gold markets rallied a bit on Monday but gave up some of the gains as we continue to see a lot of noisy behavior just above the $1920 level.

The West Texas Intermediate Crude Oil market rallied right away at the open on Monday to go looking towards the $109 level.

Ethereum pulled back just a bit on Monday to retest the downtrend line that I have drawn from the descending triangle.