Forex Daily Forecast, Analysis and Prediction

Ahead of the release of a batch of important and influential British and US economic data, the GBP/USD exchange rate deepened in a downtrend for nearly a year.

At the end of last week's trading, the price of the USD/JPY currency pair is stabilizing this week, as it is the closest to breaching the 130.00 psychological resistance again.

Euro exchange rates were flat at the start of the new week's trading and at least some of the rally can be attributed to comments by a prominent member of the European Central Bank.

The Turkish lira continues to fall against the dollar without any significant correction.

Spot natural gas prices (CFDS ON NATURAL GAS) rose in their recent trading at the intraday levels, to achieve daily gains until the moment of writing this report, by 0.92%.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the second day in a row, by 0.08%, to gain 26.76 points.

The West Texas Intermediate Crude Oil market initially pulled back on Monday but turned around to show signs of strength again.

The US dollar initially rallied on Monday but gave back gains rather quickly as the WTI Crude Oil market strengthened.

SOL/USD is within sight of highs recently made, but the incremental gains attained by Solana remain under the shadow of speculative unease.

BTC/USD is within an uneasy price range as it continues to linger unsteadily, leaving speculators with questions regarding their perceptions.

The German DAX index gapped slightly higher to kick off the Monday future session but then fell rather hard.

The S&P 500 did very little on Monday as we have run out of momentum.

The French DAX Index initially fell on Monday but found buyers underneath at the €6280 level.

The euro rallied just a bit on Monday to show signs of life again, but at this point, it seems that the market is in a strong downtrend.

Unlike most of the crypto market, Monero took off to the upside on Monday, gaining 15%.