Forex Daily Forecast, Analysis and Prediction

At the start of trading this week, gold futures recorded modest gains even after the rise in US Treasury yields and the rise in the US dollar price.

As we continue to pound a few major moving averages in an attempt to ascertain whether or not we have enough momentum to break out to the upside, the merciless markets remain extremely erratic.

Short-term flow into the USD threatens support at $1.0914.

While buyers continue to emerge on each dip, the NASDAQ 100 saw some buying pressure near the 20-Day EMA after falling initially during the Monday trading session.

The USD/INR has displayed the ability to trade lower in the past week.

The US dollar has begun the trading session on Monday by slightly retreating against the Japanese yen.

The S&P 500 gave back a little bit on Monday morning, but it still finds buyers below to show strength and turn things around.

Silver is still making a lot of noise.

The early hours of Monday have seen a slight decline in natural gas markets.

Because the gold market is becoming very stretched, it has slowed down a little bit during Monday's trading session.

When traders returned to work on Monday morning, they were focused on the enormous shooting star that formed on Friday, which resulted in a dull trading session for the Australian dollar.

The GBP/USD pair pulled back sharply on Monday.

Bitcoin price made a strong bullish breakout on Monday.

Bitcoin keeps rising as traders totally disregard gravity. At this point, the Wall Street inflows are driving the market much higher, so you have to view it through the lens of a mania.

The AUD/USD pair has pulled back as traders wait for the upcoming US inflation report.