Forex Daily Forecast, Analysis and Prediction

Bitcoin is soaring higher to new record-high prices.

The British pound remains weaker than the euro.

The AUD/USD pair is up for the second straight day helped by the overall weaker greenback.

The EUR/USD price rallied to the highest level since March after the latest US consumer inflation numbers.

Gold futures fell to the support level of $ 1723 an ounce at the time of writing the analysis, after achieving modest weekly gains.

The psychological resistance 110.00 is still lacking the necessary momentum to return to the path of its ascending channel.

Although optimism remains about the distinctive British vaccination against the Corona virus and the implementation of the timetable for abandoning the restrictions,

For five trading sessions in a row, the price of the euro currency pair against the dollar, EUR / USD, is moving in a limited range.

The NASDAQ 100 initially pulled back during the trading session on Monday as earnings season has kicked off, but that we turned around to show signs of life again.

The US dollar did have a slightly positive session during the day on Monday against the Canadian dollar, but ultimately, we are sitting just below the 50 day EMA,

The FTSE 100 pulled back during the trading session on Monday but found plenty of support at the area where we had broken out from

The West Texas Intermediate Crude Oil market has been very choppy over the last couple of weeks, and it looks as if the range is tightening.

The S&P 500 was relatively quiet during the trading session on Monday as earnings season kicked off.

The Euro pulled back just a bit during the trading session on Monday to reach below the 1.19 level but has since then turned around to show signs of support again.

The British pound did have a positive session on Monday, but more than anything else you could say it was a “stabilizing day.”