Forex Daily Forecast, Analysis and Prediction

With the start of trading this week, gold prices XAU/USD rose to the resistance level of $2,033 per ounce despite the strength of the US dollar and gains in US Treasury yields.

Today, all currencies against the Japanese yen will be in a waiting mode for the Japanese Central Bank to announce an update on its monetary policy.

The Euro to Dollar “EUR/USD” showed the potential for a 2.34% advance last week but ultimately failed at a key level, closing the week with a gain of 1.25%.

The British pound price enters the new week's trading with some positive technical momentum that makes it appear stronger against both the euro and the dollar currencies.

The USD/BRL traded lower last week, but the ability to move back to durable support levels may feel rather unnerving to speculators if they have been overly ambitious.

The USD/SGD has experienced a rather tight price range the past two days of trading, this after diving lower in the wake of the U.S Federal Reserve’s FOMC Statement last Wednesday.

On Monday, Bitcoin experienced a slight decrease in its trading value, testing the 20-day EMA indicator and the significant $40,000 level.

During Monday's trading session, the euro experienced a modest increase, largely influenced by the recent changes in the Federal Reserve's "dot plot," which suggests a potential decrease in interest rates.

On Monday, the gold markets started off relatively quietly.

The NASDAQ 100 rallied significantly during the trading session on Monday, to reach an area that is threatening a new all-time high.

During Monday's trading session, silver prices fluctuated around the $24 level, a price point that has been significant for a considerable time.

During Monday's trading session, the US dollar saw a modest recovery against the Japanese yen.

On Monday, the S&P 500 experienced an early rally, indicating traders' willingness to drive the market higher.

Natural gas markets have experienced an upward trend for four consecutive days, notably surpassing the key $2.50 level on Monday.

Crude oil markets experienced a significant upswing during Monday's trading session.