Forex Daily Forecast, Analysis and Prediction

The GBP/USD exchange rate was hovering around $1.31 at the beginning of September, following a 2.1% gain in August.

The Parisian CAC 40 pulled back just a bit to show signs of weakness initially during the trading session on Monday, but then turned around to bounce back above the 200 day EMA.

The euro has rallied rather significantly against the Japanese yen during trading on Monday, which is interesting considering we've seen the Japanese yen lose strength against almost everything.

Gold has pulled back just a bit during the trading session on Monday, only to turn around and show signs of life.

The US dollar has rallied a little bit during the trading session on Monday against the Swiss franc.

The US dollar has rallied rather significantly during the trading session on Monday against the Thai baht.

The USD/MXN currency pair while experiencing lower trading volume yesterday because of the U.S holiday, managed to climb to a high of nearly 19.85295 before reversing slightly lower.

Having demonstrated the ability to stage a large bearish cycle from late June into last Thursday and achieving a low of nearly 1.30035, the USD/SGD has reversed higher.

Weak risk-off sentiment in the market is producing bearish pressure on this currency pair, but the support level at $1.3109 looks likely to be pivotal today.

This asset looks as if it is still stuck in the consolidation move.

It’s easy to see that this asset has plenty of support as we initially fell to kick off the Monday trading session, only to turn around and show buyers again.

It’s easy to see that this asset is in a major uptrend.

This asset is clearly drifting toward a major support level.

The euro has spiked against the Swiss franc during the early hours on Monday.

The EUR/USD pair remained under pressure as concerns about the European economy continued.