Forex Daily Forecast, Analysis and Prediction

On Tuesday, markets and investors in the Forex market will watch the announcement of job numbers and wages growth data in Britain and the ZEW Business Climate Index announcement from the Eurozone.

Risk appetite has increased and the US dollar has returned to gains, and gold prices have suffered losses despite the weak Chinese economic data.

Crude oil price losses increased after the announcement of slowing economic growth in China - the second largest economy in the world.

The Euro initially tried to rally during the trading session on Monday, but then rolled over later in the day in what would be a somewhat illiquid environment

The US dollar rallied a bit against the Mexican peso during relatively quiet trading on Monday, as it was Martin Luther King Jr’s birthday, which is a national holiday in America.

The US dollar pulled back a bit during the trading session on Monday but did bounce a bit to turn things around.

The WTI Crude Oil market rallied slightly during the trading session on Monday, hanging just below the $55 level.

The S&P 500 fell slightly during the trading session on Monday, in Globex trading.

Gold futures dropped to kick off the week, piercing the $1280 level, but keeping things in perspective we need to appreciate the fact that it was Martin Luther King Jr. day in the United States, dropping liquidity drastically.

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Get the USD/CAD Forex signal for January 21, 2019 here.

Get the USD/CHF Forex signal for January 21, 2019 here.