Forex Daily Forecast, Analysis and Prediction

The British pound of course has been all over the place of the last couple of years, grinding back and forth but with more of a downward tilt.

Natural gas markets gapped lower to kick off the trading week on Monday, but then turned around to fill that gap before falling yet again.

The crude oil markets have had a rough go over the last couple of weeks, after initially spiking higher due to the drone attack in Saudi Arabia.

The NASDAQ 100 has been slightly bullish during the trading session after gapping higher on Monday

Gold markets have broken down significantly during the trading session on Monday, slicing through the important $1490 level

The Euro broke down during the trading session on Monday, slicing through the 1.09 level.

The S&P 500 gapped higher to kick off the week on Monday, but then pulled back a bit to try to fill that gap.

The British pound initially tried to rally during the trading session on Monday but found quite a bit of resistance

The Australian dollar went back and forth during the trading session on Monday, reaching towards the 0.6750 level.

The US dollar has been grinding higher for several days against the Mexican peso now, and Monday of course wasn’t any different.

The US dollar reaped much of its gains against the other major currencies, contrary to expectations

While the US Dollar has remained resilient in the wake of core fundamental economic problems which have now been joined by political issues

As Bitcoin is dragging down the cryptocurrency market, Ripple stabilized following a volatile rally which was followed by an equally sharp correction.

The Eurozone economy is slowing down faster than expected as evident in last week’s economic data which came in below expectations.

At the beginning of this week, the EUR/USD is trying not to break below the 1.0900 psychological support to avoid further downside pressure.