Forex Daily Forecast, Analysis and Prediction

The DAX Index initially tried to rally during the trading session on Monday but gave back the gains to turn around and fall rather hard.

The FTSE 100 rallied significantly during the trading session on Monday, only to give up about half of the gains.

The Bitcoin market initially rallied significantly during the trading session on Monday, as the weekend trading was rather bullish.

The NASDAQ 100 initially shot higher during the trading session on Monday to show signs of strength again but seems to be struggling with the idea of overcoming the 15,000 level.

The S&P 500 initially tried to rally during the trading session on Monday but then gave back all of the gains to form a shooting star.

We simply have nowhere to be from what I can tell.

The Australian dollar rallied a bit to kick off the trading week on Monday, but as you can see, has failed to hang on to some of the gains.

The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Monday as we have gotten less-than-enthusiastic PMI figures from China.

The euro initially tried to rally during the trading session again on Monday but turned around to show signs of weakness as we rolled over in the same general vicinity.

The British pound initially rallied during the trading session on Monday but then gave up early gains to start falling.

The 1.1900 area remains a formidable resistance barrier.

The GBP/USD pair retreated slightly after the relatively mixed manufacturing data from the US and UK and as worries of the Delta variant remained.

The BTC/USD price retreated during the overnight session as investors reacted to the proposed crypto taxes in the US.

Throughout the last week's trading, the EUR/USD currency pair was performing amid an upward correction momentum with gains that affected the resistance level 1.1909.

An important date awaits the sterling pairs this week as the Bank of England will announce an update on its monetary policy decisions.