Forex Daily Forecast, Analysis and Prediction

On Monday, the S&P 500 experienced a brief rally during the trading session but quickly gave back its gains.

The USD/CAD has fallen slightly during the trading session on Monday to kick off the week against most currencies, the Canadian dollar included.

Silver experienced a surge in its trading value on Monday as global interest rates dropped, primarily in the United States.

The US dollar started the week with some negativity, with the US dollar/Japanese yen pair showing a lot of back and forth movements.

Gold markets have surged higher and broken through the crucial $1900 level at the beginning of Monday's trading session.

The EUR/USD started the week with a gap higher, indicating bullish pressure in the trading session.

The WTI Crude Oil market has been struggling as of late, with concerns mounting about the demand for oil in the current economic climate.

The EUR/CHF has drifted a bit lower during the trading session on Monday, as there seems to be a little bit more of a run toward the Swiss franc in general over the last couple of days.

The British pound started the week by gapping up and surging higher.

The Australian dollar has experienced some volatility in recent trading sessions.

The GBP/USD staged a strong recovery as investors placed their bets that the Fed and Bank of England (BoE) will change their tune on interest rates.

The BTC/USD price staged a strong recovery, making it one of the best-performing major financial assets.

The AUD/USD exchange rate bounced back reluctantly as financial traders placed bets that the Federal Reserve will reassess its stand on rate hikes going forward.

My EUR/USD signal on 2nd March was not triggered, as there was no bullish price action when the support level at $1.0636 was first reached.

Since the middle of last week's trading, the price of the EUR/USD currency pair was in an upward rebound range after it collapsed to the support level of 1.0524.