Forex Daily Forecast, Analysis and Prediction

The Euro rallied a bit during the trading session on Monday but gave back quite a bit of the gains to form a less than impressive candlestick.

The Australian dollar initially fell during the trading session on Monday but continues to find support underneath at the 50 day EMA.

The US dollar had initially pulled back during the trading session on Monday but has turned around to show signs of life again.

Bitcoin markets initially tried to rally during the trading session on Monday but gave back the gains to form a less than impressive candlestick.

Gold markets initially tried to rally during the trading session on Monday but gave back quite a bit of the gains to end up forming a relatively lackluster session.

Following the breakdown in the EUR/CAD below its short-term resistance zone, more downside is anticipated to follow.

With the UK elections less than 48 hours away, the outcome remains uncertain. Prime Minister Johnson and his Tories are widely expected to win the election,

Economic data released out of New Zealand showed a contraction in truck traffic, suggesting fewer goods were moved domestically.

Australian consumer confidence rose slightly at the beginning of the month, and third-quarter house prices came in better than expected.

GBPUSD: Bullish on U.K. election polls

EURUSD: Weakly bearish with 1.1043 pivotal

AUDUSD: Consolidation between 0.6814 and 0.6862

The USD/JPY price of the pair did not react much to the announcement a better than expected results for US jobs during the month of November.

The NASDAQ 100 got a huge boost during the trading session on Friday as the US job figures were much better than anticipated.

Next Thursday, the anticipated general elections will be held in the United Kingdom, the outcome of which will determine the fate of Brexit.