Forex Daily Forecast, Analysis and Prediction

South Africa dropped out of the Top 10 list of most infected Covid-19 countries amid the second wave of infections sweeping across Europe.

AUD/USD: 0.7000 area looking interesting as potential support

The US dollar rallied slightly during the trading session on Monday to kick off the week, as we have broken above the ¥105.50 level but gave back the short-term gains.

The NASDAQ 100 initially tried to rally during the trading session on Monday but found the 12,000 level to be far too resistant.

The bitcoin market has rallied quite nicely during the trading session on Monday, breaking above the $11,700 level at one point during the day.

USD/JPY: Volatility remains low

The Australian dollar initially tried to rally during the trading session on Monday but found the area above the 0.71 level to be far too much to overcome, as the market has pulled back.

The S&P 500 initially tried to rally during the trading session on Monday but gave back the gains as the 3500 level has caused a bit of resistance.

BTC/USD: $11,553 now likely to be strong support

GBP/USD: Price seems unwilling to get established above 1.3000

The US dollar lost against the Euro quite early during the trading session on Monday, as the EUR/USD pair has reached towards the 1.18 handle.

Silver markets have rallied a bit during the trading session on Monday, breaking above the 50 day EMA as we continue to see a lot of momentum jumping into the marketplace.

EUR/USD: Break above 1.1803 would be a bullish sign

The gold markets initially rallied during the trading session on Monday to kick off the week, as the US dollar got sold off in Asian trading.

The West Texas Intermediate Crude Oil market continues to go sideways more than anything else as there is no clear narrative as to where we are going next.