Forex Daily Forecast, Analysis and Prediction

The EUR/USD exchange rate suffered a major setback last week.

Investors are back in strong demand for safe havens, amid increasing global geopolitical tensions, led by expectations of a Russian-European war.

Natural gas futures saw a rebound on Monday, as a major weather model added a large chunk of demand to the late February forecast.

The lira's trading is stable during today's early trading, as investors had followed the Turkish Finance Minister's announcement of new policies aimed at integrating the gold savings of Turkish citizens into the state's financial system.

The Dow Jones Industrial Average declined in recent trading at the intraday levels to record losses for the third consecutive session, by -0.49%.

AVAX/USD has bounced higher in the past half day after stumbling around significant short term support which proved durable.

DOT/USD continues to linger near important support levels, as technical traders need to decide if a higher reversal is possible or news lows will be seen.

The AUD is lower after the RBA minutes release suggests a slow rate hike.

The Ripple market initially tried to rally on Monday, but as you can see, we have simply turned around to sell off yet again.

The Ethereum market initially tried to recover the $3000 level on Monday, but as you can see, we have rolled over again, and it looks like we are trying to drift lower.

The US dollar fell against the Brazilian real on Monday, as it looks like we are hell-bent on trying to test the support level.

The Mexican peso rallied a bit against the greenback on Monday to crack down below the 200-day EMA yet again.

Crude oil markets remain elevated on Monday as concerns about the Russia/Ukraine situation continue to dominate the headlines.

Bitcoin markets fell a bit on Monday but found buyers underneath to continue to push the issue for stability.

Gold futures took off immediately on Monday, gapping much higher.