Forex Daily Forecast, Analysis and Prediction

The pair remains prone to sharp downwards price movement.

The euro shot higher against the US dollar on Monday, gaining a bit over 8/10 of a percent.

The US dollar broke down significantly on Monday against the South African rand, as it looks like the resistance region of 15.50 rand is trying to hold.

The West Texas Intermediate Crude Oil market initially fell on Monday but then turned around to capture a little bit of upward momentum.

The Bitcoin market pulled back just a bit on Monday, only to find buyers underneath to pick the coin up.

I would anticipate a lot of noisy behavior in the short term, as the gold market will be thrown around by all of the interest rate volatility coming from multiple places around the world.

Ethereum markets rallied again on Monday after having a relatively stable weekend.

The stellar market continued to go sideways around the $0.20 level, something that we have been doing since last week.

The NASDAQ 100 did rally significantly on Monday to show signs of life again.

The S&P 500 rallied a bit on Monday as traders came back from the weekend.

The US dollar fell rather hard on Monday to slice through the 50-day EMA and lose almost ½ a rupee.

The US dollar fell on Monday, as there was a little bit more of a “risk-on-appetite-driven rally” in all things not the greenback.

The BTC/USD pair remained in a tight range even after a major warning by a senior IMF official.

The GBP/USD pair wavered as investors continued to reflect on the report by Sue Gray on Downing Street parties.

The EUR/USD pair bounced back on the first day of the month as investors reflected on the latest economic data from the Eurozone.