Forex Daily Forecast, Analysis and Prediction

Sterling has now been under constant pressure for 11 weeks against the US dollar.

The S&P 500 index demonstrated a modest uptick during the initial hours of Monday's trading session, grappling with a set of intriguing challenges.

The leadership of the Bank of Japan emphasized the need to nurture economic growth through stimulus policies due to a wide range of uncertainties.

In Monday's trading session, silver displayed a back-and-forth movement, signaling that the market is not yet poised for a clear direction.

In recent developments, the natural gas market has quietly embarked on a rally, a trend that prominently orbits the 50-Day Exponential Moving Average.

The gold market currently finds itself entangled in a web of uncertainty, as traders grapple with a multitude of factors influencing the precious metal's performance.

The USD/CAD has produced a rise in near-term values after testing lows last week, this as nervous market sentiment lingers and Forex remains challenging.

The USD/SGD remains within the upper tier of its price range and has continued to produce an incremental bullish trend.

All European currencies are weak against the US Dollar.

Recent market developments have witnessed the EUR/USD experiencing a substantial depreciation in value, mirroring the tumultuous and uncertain conditions prevailing within the financial arena.

The Texas Intermediate Crude Oil market opened with a bullish gap at the beginning of the trading session, only to reverse course and exhibit signs of negativity.

The GBP/USD found itself on the losing end once again during Monday's trading session, succumbing to the prevailing wave of negativity that has engulfed the currency.

Recent trading sessions have witnessed the GBP/JPY grappling with substantial difficulties, marked by an initial attempt to rally that was swiftly retracted, despite Yen weakness overall.

During Monday's trading session, the AUD/USD exhibited a modest decline, inching closer to the upper boundary of a descending wedge pattern—a pivotal detail in technical analysis.

The EUR/USD exchange rate continued its brutal sell-off as the fear of soaring interest rates led to a major bond sell-off.