Forex Daily Forecast, Analysis and Prediction

With sentiment still weak, GBP/USD has fallen to a one-month low of 1.2658 and is settling around 1.2700 at the start of trading on Tuesday.

Since yesterday, the USD/JPY price has been steady bullish around the 157.95 resistance level.

At the start of trading this week, gold futures slipped, supported by rising US Treasury yields.

At the beginning of this week’s trading, EUR/USD stabilized around $1.07, remaining at its lowest levels in seven weeks.

The EuroStoxx 50 bounced rather significantly during the early hours on Monday, using the €4835 level as support

The US dollar has pulled back slightly during the early hours on Monday as the 1.3550 barrier has offered resistance yet again against the Singapore dollar.

The US dollar rallied a bit during the early hours on Monday and continued to show signs of resiliency during the trading session.

The British pound has bounce just a bit during the trading session on Monday as the 50-Day EMA has stepped into the picture to offer support.

The Euro rallied significantly during the early hours on Monday, as we are hanging around at the 1.07 level, an area that has been important more than once.

The Australian dollar moved sideways after the country’s central bank delivered a relatively hawkish decision on Tuesday morning.

The GBP/USD pair was flat on Tuesday morning as focus remained on the UK political scene and the next Fed actions.

The price of Bitcoin has remained in a tight range in the past few months. It has remained inside the crucial support and resistance levels at $56,493 and $72,795.

Bearish: Sell EUR/USD with a target of 1.0670, stop-loss at 1.0755. Bullish: Buy-stop at 1.0735, target 1.0800, stop-loss at 1.0675.

Monday was very kind to the euro, as we rallied somewhat significantly during the early hours of the trading session.

Bitcoin initially did try to rally a bit during the early hours on Monday, but it appears that the $67,000 level held its market memory and offered resistance.