Forex Daily Forecast, Analysis and Prediction

The US dollar has plunged against the Japanese yen in trading on Monday as we have now breached the 143 yen level, but it is worth noting that we are at least attempting to recover a bit.

Bitcoin has plunged to kick off the trading week on Monday, but it looks like we are getting a little bit of a bounce in the early hours of American trading.

Gold plunged in the early hours on Monday as we continue to see a lot of volatility in markets overall.

The Turkish Lira fell against the dollar at the start of weekly trading, recording a new record low against the dollar.

Despite the rise in the GBP/USD exchange rate following the shock US jobs report and talk of an emergency rate cut by the Federal Reserve, the bears remain in control.

As risky assets are sold everywhere and money flows into safe havens, this flow factor is keeping the US Dollar strong and the Australian Dollar weak.

At the end of last week’s trading, the euro rose by about 1%, surpassing the resistance level of 1.0926 before closing the week’s trading stable around the level of 1.0910.

The Japanese yen extended its rally to above 146.50 yen against the US dollar, its strongest level since last March, after the latest economic data widened the divergence between the monetary policy expectations of the US Federal Reserve and the Bank of Japan.

At the end of last week's trading, gold prices rose to more than $2,476 per ounce, a new record level, after a weak report on jobs in the United States of America.

In my daily analysis of the euro against the Canadian dollar, it's obvious that the euro has made a major breakout as we slice through the 1.50 level and just took off straight up in the air.

The US dollar has rallied rather significantly during the course of the session on Friday against the Mexican peso after the jobs number in the United States came out much weaker than anticipated.

The USD/MXN this morning climbed above the 20.00000 momentarily.

Nervous sentiment is making its way through the broad Forex market and USD centric questions are part of the equation.

The Australian dollar has gone back and forth during the trading session on Friday.

As you can see, the Swiss franc has been all over the place against the Japanese yen, but unlike so many other currencies, it looks as if it is at least trying to show signs of strength.