Forex Daily Forecast, Analysis and Prediction

The USD/SGD pair is traversing values that it has not seen sustained since November and December 2014.

The US dollar has seen a little bit of strength, which makes a certain amount of sense considering that the global economy is a bit questionable at the moment.

The NASDAQ 100 bounced quite a bit during the early hours on Monday as the 18,335 level has offered support.

The West Texas Intermediate Crude Oil market has seen a bit of a drop, only to turn around and show signs of life again.

The New Zealand dollar try to rally in the very early hours of Monday, but then fell apart, as we have seen risk appetite take a bit of a hit in multiple markets.

The first thing I noticed is that the market is running into trouble above the 50 Day EMA.

The gold market has gone back and forth. They're in the trading session on Monday, as we continue to look a bit lost.

The US dollar against the Philippine peso has intention.

The GBP/USD exchange rate retreated for the second consecutive day as the US dollar index (DXY) rebounded.

Bitcoin price rose for the third consecutive day as risk assets rebounded.

The AUD/USD pair retreated below the 50-day moving average as the US dollar index (DXY) made a strong comeback ahead of the US inflation data.

A minor recovery in the US Dollar yesterday pushed the price lower, potentially knocking out many long-term trend traders on the bullish side, but the price seems to be finding support.

The Turkish currency maintained its range-bound variance against the US dollar at the beginning of this week’s trading, as the pair continued to fluctuate in a limited range for about two weeks.

During last Friday’s trading session, the US dollar fell and then recovered after the release of the weaker-than-expected US Labor market report.

Expectations of further tightening of the Bank of Japan's monetary policy continue to support the strength of the Japanese yen against other major currencies, especially against the US dollar.