Forex Daily Forecast, Analysis and Prediction

The Australian dollar has rallied significantly during the trading session on Monday, showing signs of support at the 0.60 level.

USD/JPY: Pivotal point at 109.23

BTC/USD: Breakout above key level at $7,228

GBP/USD: More bullish on USD weakness

EUR/USD: Broke key resistance at 1.0832

The NASDAQ 100 has rallied significantly during the trading session on Monday, breaking above the 8000 handle.

The S&P 500 rallied significantly during the trading session on Monday to kick off the week, breaking above the 2650 level at one point.

Silver markets have rallied significantly during the trading session on Monday, clearing above the $15.00 level, and perhaps even more importantly the 15 point to zero dollars level.

Gold markets rallied significantly during the trading session on Monday, breaking above the important $1700 level.

The West Texas Intermediate Crude Oil market has gone back and forth significantly during the trading session on Monday to open up the week, as we initially gapped lower.

The Australian dollar fell during the trading session on Friday, drifting below the 0.60 level, an area that of course is a psychologically significant figure.

The British pound fell during the trading session on Friday, breaking down below the 1.2250 level at one point before recovering slightly at the end of the session.

The US dollar rallied a bit during the trading session on Friday, heading towards the ₹77 level yet again, as we did the previous session.

Throughout last week's trading, the EUR/USD pair was under strong downward pressure pushing it towards the 1.0772 support before closing the week's trading around the 1.0812 support.

Gold prices benefited a lot from the American labor market disastrous results, which were announced at the end of last week’s trading.