Forex Daily Forecast, Analysis and Prediction

The pace of risk appetite affecting global financial markets, including the forex market, weakened the Japanese yen as the safe haven currency.

Yesterday's trading session was the best daily performance for the GBP / USD currency pair in nearly a month and a half.

Gold futures settled lower yesterday, reaching the support level of 1784 dollars an ounce.

ADA/USD has bounced higher after touching lows this weekend, and its trading is technically intriguing when compared to the broad cryptocurrency market.

Since the middle of May, DOT/USD has produced a bearish trajectory and is now testing important mid-term support levels.

DOGE/USD has recovered from its lower values which were exhibited this past weekend, but the cryptocurrency is now battling resistance again.

ETH/USD has produced a rocky avenue for speculators the past week and its future path may prove to be challenging in the short term.

Perhaps that supply of crude oil will not hit the market anytime soon.

If we do get a daily close below the 1.20 handle, then I believe this pair will probably fall significantly.

The FTSE 100 rallied just a bit during the trading session on Monday to show signs of strength again, as we continue the overall uptrend.

The NASDAQ 100 broke out to the upside to kick off the week, as we have cleared the top of the 50 EMA region, which has been important more than once.

The S&P 500 rallied quite significantly during the trading session on Friday to reach towards the 4200 level.

Gold markets fluctuated during the trading session on Monday, as we are trying to digest significant gains from the previous breakout.

Bitcoin markets have bounced from the $30,000 level again during the day on Monday to show signs of stability again.

The market is likely to see buyers on dips trying to find value in what has been a very strong uptrend.