Forex Daily Forecast, Analysis and Prediction

We did not see a strong move for the EUR/USD at the beginning of this week, with the lack of liquidity amid the holiday in the US markets.

After the GBP/USD tested the area above 1.2700 resistance at the end of last week's trading, which is a 3 months high.

A positive start for the price of gold in early trading this week, rebounding to the $1497 level after the price of the yellow metal fell to $1474 during last Friday's session.

Despite the US markets holiday, USD/JPY has maintained its bullish stability around the 108.52 resistance level awaiting stronger catalysts to complete the correction higher.

NZDUSD: Evenly balanced but 0.6277 – 0.6250 pivotal

AUDUSD: Evenly balanced but 0.6750 pivotal

USDJPY: Pivotal area from 108.00 to 109.00

Bitcoin: Bulls vs bears from $8,458 to $8,24

As series of breakouts, despite ongoing economic weakness in the Eurozone and fresh tariffs on the EU due to the latest WTO ruling, has elevated the EUR/USD off of extreme oversold conditions.

The West Texas Intermediate Crude Oil market has broken down a bit during the trading session on Monday, as the $55 level has offered a significant amount of resistance.

Natural gas markets rallied after initially gapping higher on Monday from extreme lows.

Gold markets rose a bit during the trading session on Monday to kick off the week, as we said just below the crucial $1500 level.

Bitcoin markets did very little during trading on Monday, but in all fairness it was Columbus Day in the United States.

The S&P 500 did almost nothing during the trading session on Columbus Day, which is a minor holiday in the United States.

The NASDAQ 100 has gone back and forth during the trading session on Monday which might have been a little bit skewed due to the fact that it was Columbus Day.