Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 initially pulled back to kick off the week on Monday, but as you can see, we have seen a significant move higher later in the day and more of a “risk on” type of move.

The Euro has tried to rally a bit during the trading session on Monday, reaching towards the 1.12 handle.

Following a strong rally, after this currency pair completed a breakout above its support zone, the upside is exhausted.

The British pound has rallied a bit during the trading session on Monday, as we continue to see a lot of volatility.

GBPUSD: More bullish above 1.3200

The Australian dollar has gone back and forth during the trading session on Monday, as we look ahead to see whether or not this supportive area will hold.

Crude oil markets have been very strong over the last couple of trading sessions after the United States killed a top ranking Iranian general.

Traders chose to brush aside tension in the Middle East quickly as the US military is sending the Bataan Amphibious Readiness Group to the Persian Gulf.

Natural gas markets initially tried to rally during the opening of Monday trading, but the $2.20 level has offered enough resistance to turn things around.

Gold markets initially gapped higher to kick off the trading session on Monday in reaction to the entire mass that is now the Middle East.

Bitcoin markets rallied a bit during the trading session on Monday as people came back to work, breaking above the 7500 level.

Brexit will be on traders’ minds with the return of the UK Parliament from its winter recess.

During the immediate aftermath of the rise in Middle East tensions, safe-have assets like the Swiss Franc were in demand.

EURUSD: Ranging between 1.1182 and 1.1204

The US dollar has broken down significantly during the trading session on Friday, as the United States killed a major general in the Iranian Army.