Forex Daily Forecast, Analysis and Prediction

The British pound initially tried to rally on Monday, but could not hang on to the gains.

The S&P 500 Index itself was closed Monday, but the futures markets were open for limited off-hour trading.

The euro initially tried to rally against the US dollar during Monday trading, but gave back almost all of the gains in yet another sign of weakness.

Ethereum rallied just a bit Monday to show signs of life.

The German DAX Index went back and forth on Monday as traders still have no real clue as to what they want to do.

The CAC in Paris gave up early gains Monday as it appears that there was very little volume willing to step out on the risk spectrum.

Bitcoin rallied a bit Monday, but pales in comparison to the massive selling that we had seen previously.

The WTI Crude Oil market had a relatively positive Independence Day, but it should be noted that volume was a bit thin as most trading was electronic and off hours.

The AUD rose on a minor risk-on rally.

The EUR/USD pair is struggling after a series of bad economic data from Europe and the ongoing demand for the US dollar.

The GBP/USD price continued in a consolidation phase as investors waited for a statement by Bank of England’s Andrew Bailey and the release of the country’s financial stability report.

The BTC/USD pair moved sideways as concerns about the health of the cryptocurrency industry continued.

The Turkish lira fell during early trading today, as investors followed early reports issued by the country's statistics institute that showed inflation rose 78.62%.

The trading of the last week of June was harsh for the price of the euro/dollar pair, as it fell to the 1.0365 support level and settled around the 1.0435 level at the beginning of this important week’s trading.

At the end of last week’s trading, the price of the GBP/USD pair fell below the 1.2000 psychological support, with losses to the 1.1975 support level, its lowest in two weeks.