Forex Daily Forecast, Analysis and Prediction

Silver markets have gapped slightly during the open on Monday, only to turn around and fall, and then rally again before giving up even more.

The US dollar has gone back and forth during the course of the trading session on Monday as we continue to see a lot of push and pull when it comes to emerging market currencies

The West Texas Intermediate Crude Oil market has done nothing during the day on Monday, as we are simply sitting around and waiting to see whether or not we can break out to the upside.

The gold markets had a very choppy trading session on Monday, as we have continued to be very noisy in this market as well as others.

Despite the European Central Bank’s acknowledgment that the Eurozone will face a more precipitous than previously considered recession

First-quarter export volume out of New Zealand increased, defying calls for a marginal contraction.

GBP/USD: Trading above key round number at 1.2500

EUR/USD: Price looks set to move beyond multi-month high at 1.1153

Australian company pre-tax profits for the first-quarter plunged 16.2% in the first quarter, after a 0.6% contraction in the fourth quarter.

Brazil reported a 1.5% decrease in its first-quarter GDP, while the Finance Ministry announced it expects a more significant second-quarter contraction.

AUD/USD: Australian Dollar is the strongest major currency

USD/JPY: New gently descending price channel

BTC/USD: Ascending medium-term price channel

GBP/USD: Remains bullish above 1.3271

EUR/USD: New long-term bullish trend getting underway