Forex Daily Forecast, Analysis and Prediction

The British pound initially tried to rally on Monday but then started to drift a bit lower.

The German DAX Index was relatively quiet on Monday, as we are hanging about the €15,900 level.

The S&P 500 futures dipped ever so slightly on Monday as it was a holiday, so of course liquidity would be a major issue.

Ripple pulled back just a bit on Monday, as we are hanging about the $0.75 level.

The West Texas Intermediate Crude Oil market initially gapped higher on Monday, which was Martin Luther King Jr. Day in the United States.

Bitcoin markets initially tried to rally on Monday, but then pulled back rather significantly to go looking towards the $42,000 level.

Gold markets were steady on Monday as it was Martin Luther King Jr. Day in the United States, which wiped out quite a bit of the liquidity.

The Ethereum market initially tried to rally on Monday, but then ended up falling back towards the 200-day EMA yet again.

The GBP/USD pair came under pressure as investors prepared for the upcoming economic numbers from the UK.

The BTC/USD pair remained under pressure even as the closely watched North American Bitcoin Conference kicked off in Miami.

The AUD/USD pair declined on Monday and Tuesday morning as concerns about the Omicron variant pushed the US dollar higher.

There is no doubt that the recent selling of the US dollar was a strong catalyst for the gold market in achieving its recent gains

The performance of the GBP/USD currency pair remained distinct last week, as the strong bullish momentum continued

For eight trading sessions in a row, the price of the US dollar against the Japanese yen (USD/JPY) currency pair moved with downward momentum in light of profit-taking operations.

The EUR/USD exchange rate fell lower in the last session of last week's trading, but its three-day rally earlier painted a more positive picture on the EUR charts.