Forex Daily Forecast, Analysis and Prediction

The USD/BRL has been able to build some bearish momentum the past couple of days in Forex.

The GBP/USD exchange rate remains well supported.

As the closing last week was, the price of (USD/JPY) continued its upward path.

According to the recent trading sessions, the price of gold is moving in narrow ranges.

The EUR/USD has been under pressure in 2024 trading but is unlikely to fall below 1.0723 during this week unless we receive a strong report on US inflation.

The Australian dollar has done very little during the trading session on Monday, rising slightly in the early hours.

The British pound initially did rally during the early hours on Monday.

The bitcoin market initially did rally early on Monday but gave back gains rather quickly.

Gold experienced some downward movement in the early hours of Monday's trading session.

The NASDAQ 100 showed signs of strength during Monday's session, with ongoing bullish sentiment prevailing in the market.

The actions of central banks cutting rates are expected to continue influencing oil prices, driven by the anticipation of increased economic activity.

The natural gas market is currently grappling with significant downward pressure, resulting in a prevailing sense of skepticism among investors.

The silver market experienced a modest uptick during Monday's trading session

The S&P 500 index continued to experience significant buying activity, despite a relatively quiet start to Monday's trading session.

The US dollar has been showing strength against the Japanese yen, with the USD/JPY pair aiming to reach higher levels.