Forex Daily Forecast, Analysis and Prediction

Mexico posted its first annualized economic contraction in a decade last year.

The US dollar went back and forth during trading on Monday as we continue to see a lot of indecision’s when it comes to the USD/JPY pair.

GBP/USD: Awaiting British Advance GDP data

EUR/USD: 2.5-year low at 1.0879 under threat

The S&P 500 has initially pulled back during the trading session on Monday.

The NASDAQ 100 has pulled back significantly during the trading session on Monday to kick off the week.

Better than expected housing data out of Canada released yesterday was trumped by a surprise surge in the value of home, owner-occupier, and investor loans out of Australia.

The Euro broke down significantly during the trading session on Monday to kick off the week.

The British pound, although oversold from what I can tell, is more than likely going to continue suffering at the hands of the greenback.

With the coronavirus claiming more deaths, Reserve Bank of New Zealand Governor Orr hinted that another interest rate cut is on the table to cushion the economic fallout.

The Australian dollar initially tried to recover after gapping lower at the open on Monday, only to sell off yet again.

The West Texas Crude Oil market fell during the trading session on Monday to kick off the week, as we have broken below the $50 level yet again.

Natural gas markets plunged again, as the market started off with a bang to the downside.

Gold markets have rallied again during trading on Monday to kick off the week as fears about the coronavirus and global growth continue to be an issue.

Bitcoin initially shot much higher during trading on Monday.