Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair remained under pressure after signs emerged that the Chinese economy was not recovering as faster as originally expected.

At the beginning of trading this week, XAU/USD (gold) futures fell as investors continued to book profits after the yellow metal touched record highs.

For four consecutive trading sessions, the price of the USD/JPY currency pair has moved in a rebound path to the upside, with gains that reached the resistance level of 133.88. It settled near that resistance at the time of writing the analysis.

For four trading sessions in a row, the GBP/USD currency pair was exposed to profit-taking sales, which I often mentioned the possibility of occurring at any time.

The beginning of this week’s trading was in favor of completing the selling operations that the EUR/USD currency pair was exposed to since the middle of last week’s trading.

The price of the Turkish lira declined against the US dollar during early trading this morning.

The NZD/USD hit a low of nearly 0.61925 yesterday as financial houses delivered a sudden flurry of selling within the currency pair.

Since falling to a low of nearly 130.640 last Wednesday the USD/JPY has moved incrementally higher.

The Euro struggled to maintain momentum during Monday's trading session, falling back below the 1.09 level due to significant overhead resistance.

The S&P 500 took a major hit during Monday’s trading session, falling to the 4100 level and demonstrating signs of weakness from the start.

Gold prices fell on Monday, as the metal faced profit-taking after the recent rally to record highs.

Silver has continued to see back-and-forth trading, with the $25 level acting as a magnet for price.

The Australian dollar has seen some modest gains in recent trading, but it's been a choppy ride for the currency.

The natural gas market has had a volatile year, but it appears that it may have found a temporary bottom at the $2.00 level.

The crude oil market has experienced significant volatility in recent weeks, with both the WTI and Brent markets struggling to gain traction.