Forex Daily Forecast, Analysis and Prediction

The dollar yen has recovered quite nicely during the Monday session, and we did start to see US dollar buying late on Friday as we approached the crucial 152 yen level.

You can see that the DAX did rally pretty significantly right off the bat here early Monday morning, but we are starting to see trouble in a very familiar area.

The U.S. dollar has been choppy against the Canadian dollar during early trading on Monday.

The S&P 500 rallied early during the trading session on Monday, as it looked like money was flowing back into Wall Street and stocks overall.

The British Pound has bounced significantly from the 50 day EMA against the Swiss Franc in early trading on Monday as we continue to see the markets come in and try to pick up the momentum.

The Swiss franc has rallied against the Japanese yen again on Monday, as it looks like the Japanese yen is losing strength across the board.

Bitcoin initially tried to rally during the trading session on Monday but seems as if it is giving back quite a bit of the gains.

The Nasdaq 100 rallied a bit during the trading session on Monday.

The Australian dollar has rallied early during the trading session on Monday, as it looks like we are trying to threaten a major resistance barrier just above.

Firm support likely in $0.6590 area.

The GBP/USD exchange rate moved sideways on a quiet day on Monday since the UK’s market was closed for a bank holiday.

The EUR/USD exchange rate held steady on Monday and Tuesday morning as focus remained on the recent weak US economic numbers and their impact on the Federal Reserve.

Bitcoin price rose to a two-week high of $65,525 on Monday and then quickly erased some of those gains to trade at $63,225 on Tuesday morning.

The Japanese yen was in the spotlight last week as concerns about its future continued.

Trading of the US dollar against the Turkish lira has stabilized for the third consecutive week.