Forex Daily Forecast, Analysis and Prediction

The New Zealand dollar initially did try to rally during the trading session on Monday but gave back gains near the 0.61 level.

Gold initially rallied during the trading session on Monday, but then gave back the gains to show signs of hesitation.

The British Pound initially rallied just a bit during the early hours on Monday, only to give up the gains and fall apart.

The Dow Jones 30 fell pretty hard during the trading session on Monday, which is interesting considering that there really hasn't been a lot as far as macroeconomic figures coming out to get things moving

The euro initially did try to rally a bit during the trading session on Monday, but then gave back quite a bit of the gains to continue to see a lot of sideways action.

The USD/TRY pair increased before the start of European trading this Monday morning, as the Lira lost some of its slight gains recorded at the opening of the markets this morning.

The USD/JPY exchange rate continued to rise as the US Dollar Index (DXY) and bond yields rose to their highest point in months.

The Euro attempted to rebound on Friday, but its gains did not exceed the 1.0869 level, recovering from the significant losses it suffered last week, reaching a support level of 1.0810, the lowest for the currency pair in more than two months.

In the last trading session of last week, the GBP/USD exchange rate attempted to stabilize and rebound upwards following the release of the latest US retail sales data.

Gold futures hit another record high in daily trading, settling above $2,720 per ounce and adding to their impressive rally in 2024.

During my daily analysis of the gold market, I can see clearly that we are breaking out to the upside, and it looks like gold is going to continue to power higher.

my daily analysis of the natural gas markets, the first thing that I see is that we are approaching an area that previously had been resistant.

As I look at exotic currency pairs around the world, the USD/INR pair is one that I pay close attention to, as it has been in a massive uptrend for some time.

In my daily analysis of the USD/JPY pair, the first thing I see is that we are hanging around the 200 Day EMA, which of course is an indicator that a lot of people will pay close attention to.

As I look at the GBP/USD pair, the market continues to look very interesting to me, as we have bounced from the crucial 1.30 level.