Forex Daily Forecast, Analysis and Prediction

The US dollar rallied against the South African Rand right off the bat on Monday as we gapped higher and reach above the 14.70 level initially.

Gold markets gapped higher after the drone strike in Saudi Arabia against the oil refineries on Saturday.

Natural gas markets gapped higher to kick off the week after the drone strike in Saudi Arabia, and that is perhaps in sympathy to the idea of the energy complex having less supplied in general.

The S&P 500 gapped lower to kick off the trading week on Monday after the Saudi drone attack.

After the ECB press conference last week, where the ECB announced that its open ended bond buying program will resume on November 1st 2019 at a rate of €20 billion per month

GBPUSD: Major bearish reversal from 1.2500?

As the likelihood of a no deal Brexit decreased, the British Pound rallied off extremely depressed levels.

The Australian Dollar, home to a bigger and more diversified economy than the New Zealand economy, has enjoyed a strong rally against its smaller neighbour the New Zealand Dollar

EURUSD: Bearish below 1.0980

The EUR / USD rate finally caught the attention of traders by the end of last week's trading once the European Central Bank (ECB) announced massive stimulus plans to revive the Eurozone economy

By the end of last week, the GBP / USD pair rebounded strongly, reaching the 1.2505 resistance level, its highest in seven weeks, supported by the decline of the US dollar

For the second week in a row, gold prices closed lower. Get the analysis for September 16, 2019 here.

For eight trading sessions in a row, the good performance of the USD/JPY pair continued, and last week's close tested the 108.25 resistance

NZDUSD: Pivotal point at 0.6365

AUDUSD: Still weakly bullish as 0.6850 holds