Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair bounced back slightly as the US dollar index strength waned.

The GBP/USD pair was subjected to strong selloffs that pushed it towards the support level of 1.2518.

Gold futures retreat as the week's trading begins, as the precious metal's price is affected by the rising US dollar and rising Treasury yields.

The USD/JPY pair continued its upward rebound path with gains reaching the resistance level of 148.90 before settling around 148.45 at the time of writing the analysis.

The EUR/USD exchange rate is heading towards a decline.

The USD/BRL finished Monday’s trading near the 4.9855 level.

The USD/SGD has seen choppy conditions early this morning.

The AUD/USD currency pair appears to be in the process of breaking down as of the past couple of trading sessions.

The Euro faced a decline against the US dollar at the beginning of the trading week.

The British pound experienced a minor decline against the Japanese yen (JPY) in the early hours of Monday's trading session.

The NASDAQ 100 continues to exhibit a positive outlook in the early hours of Monday's trading session.

The S&P 500 commenced the week with a notably subdued tone, reflecting the scarcity of impactful economic announcements on Monday.

The Natural Gas market continues its efforts to establish a basing pattern, primarily hovering just above the critical $2.00 mark.

The USD/JPY pair continues to exhibit a bullish outlook as it enters the new week.

The West Texas Intermediate (WTI) crude oil market displayed some early choppiness on Monday.