Forex Daily Forecast, Analysis and Prediction

The AUD/USD price pulled-back yesterday as the US dollar strength returned.

ETH/USD has produced unbelievable gains the past few months.

The AUD/USD is very attractive to trade now in a long direction.

The NZD/USD continues to challenge higher levels as its bullish trend demonstrates its long-term ability to climb.

The USD/MXN is traversing near the key inflection point of 20.0000, but intriguingly, the Forex pair has also produced an incremental bearish trend since late January.

In a day that could have proven to be volatile, the USD/SGD has remained quite stable in early trading even as the Singapore government has released its budget outlook for the year.

Both the euro and the U.S. dollar are relatively weak currencies.

Gold had a quiet start to trading this week amid a bearish trend, settling around the $1818 level.

For five trading sessions in a row, the USD/JPY has been moving in a new upward correction range, resulting in stability around the 105.63 resistance level as of this writing.

The euro is still lagging far behind the pace of risk appetite that has dominated the markets recently, as gains from the EUR/USD's bullish rebound did not exceed the 1.2150 resistance level.

Traders have become increasingly optimistic about the British pound according to Forex market data.

The euro continues to be rather sideways in general, as we gained ever so slightly during a quiet session on Monday.

The British pound rallied again during the trading session on Monday, as traders pound into sterling.

The West Texas Intermediate Crude Oil market gapped higher during the trading session on Monday as the week started out very positively.

The S&P 500 gapped slightly higher to kick off the week on Monday in the futures markets, and then rallied it towards the crucial 3950 level.