Forex Daily Forecast, Analysis and Prediction

The S&P 500 did very little during the trading session on Monday, but quite frankly we have a major interest rate decision coming out on Wednesday that will have a major influence on this market.

British pound traders shorted the GBP/USD pair massively to kick off the week, breaking through the vital 1.2350 level and even reaching below the 1.2250 level as well.

The Euro did very little during the trading session on Monday, as we continue to simply dance around just above the 1.11 handle.

The US dollar has initially fallen during the trading session on Monday but found enough support underneath the 50 day EMA to turn things around and show signs of life.

The WTI market has done very little again during the trading session on Monday, as we continue to go back and forth

The Australian dollar gapped lower on Monday, turned around to rally during the day, but gave back those gains to form a very bearish looking candle stick.

The natural gas markets initially tried to rally on Monday and then broke down quite a bit.

Bitcoin markets went back and forth during the trading session on Monday, testing the uptrend line that is clearly marked on the chart.

The NASDAQ 100 fell during the trading session on Monday, as we continue to see a lot of noise near the 8000 handle.

Gold markets have done very little over the last couple of days, and this makes quite a bit of sense considering that the Federal Reserve has a major meeting over the next couple of days that should continue the dovish attitude that we have seen recently.

USDCAD: Bulls failing to break recent highs

USDCHF Analysis: Resistance at 0.9950 holds

GBPUSD: Extremely bearish 2-year low

EURUSD: Bearish consolidation above 1.1100

At the beginning of this week's trading, the EUR / USD pair is settling around the 1.1100 support level, the lowest for two years.