Forex Daily Forecast, Analysis and Prediction

The USD/PKR remains within the boundaries of its record highs and this is unlikely to change anytime soon.

The AUD/USD pair retreated to the lowest level since August 27th as the market reflected on the falling commodity prices.

The BTC/USD slumped to the lowest level since early August as volatility rose.

The GBP/USD sell-off accelerated in the overnight session as global tensions about Evergrande coupled with higher gas prices rose.

The EUR/USD pair crawled back in the overnight session as focus remained on the Federal Reserve.

The gold markets initially fell through the $1750 level before turning around, but the market is likely to continue to see a lot of noisy behavior.

The Australian dollar has fallen a bit during the course on Monday, as there are a lot of concerns out there when it comes to the Chinese credit situation.

The Bitcoin market has initially rallied during the course of the trading session on Monday but gave back quite a bit of momentum just below the $49,000 level.

The Euro has fallen significantly during the course of the trading session on Monday, only to turn around and form a bit of a hammer.

The British pound has broken significantly during the trading session on Monday, as there was more or less a “risk off attitude” around the world.

The DAX has been absolutely hammered on Monday to kick off the week on the back foot.

The FTSE 100 broke down significantly on Monday, as indices are starting to price in the idea of the risk of contagion on the Chinese mainland.

The West Texas Intermediate Crude Oil market has pulled back a bit during the course of the trading session on Monday to show signs of weakness.

The market has broken significantly below the 50 day EMA and the previous uptrend line, but more importantly has closed at the very bottom of the range.

The NASDAQ 100 has broken down significantly on Monday, to slice through the 50 day EMA and approached the 14,800 region.