Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially tried to rally during the trading session on Monday, reaching towards the 50 day EMA before rolling over and falling rather significantly.

The West Texas Intermediate Crude Oil contract had a choppy session on Monday as traders came back from the weekend.

The NASDAQ 100 has fallen a bit during the trading session on Monday after initially trying to rally.

Natural gas markets continue to look very sluggish, and quite frankly probably will continue to offer selling opportunities every time it bounces.

The Bitcoin market pulled back from the psychologically important $12,000 handle to kick off the week on Monday, showing just how important and how difficult the $12,000 level is going to be.

The US dollar has fallen during most of the trading session on Monday, testing the crucial and psychologically important ¥105 level.

Gold markets have initially pulled back during the trading session on Monday to kick off the week, testing the $1500 level for support.

USDCAD: Ranging from 1.3185 to 1.3272

USDCHF Analysis: Price back up above 0.9700 support level

GBPUSD: Bearish below 1.2106

EURUSD: Still ranging from 1.1163 to 1.1244

For the fifth consecutive trading sessions, the EUR / USD stabilized around the psychological 1.1200 support level, waiting for any developments amid stronger bearish momentum

The British economy shrank to its lowest level in six years in the second quarter, adding to expectations that the British economy could be hit by a severe recession if the country leaves the EU without an agreement.

With the beginning of this week’s trading, gold prices are undergoing a downward correction to the 1492 support level, amid profit-taking sellings

The pace of USD/JPY losses stalled on the threshold of 105.00 psychological support, the pair's lowest price in seven months, and stabled around 105.45 support at the time of writing