Forex Daily Forecast, Analysis and Prediction

The EUR/USD exchange rate was relatively better last week, but it may struggle to avoid being the weakest performer this time in crystallizing risks to energy supplies and economies in Europe

The Dow Jones Industrial Average declined in its recent trading at the intraday levels, to record losses in its last sessions.

The GBP/USD exchange rate suffered heavy losses last week.

The bulls controlled the direction of the USD/JPY currency pair, the strongest with the highest gains for the currency pair in 24 years.

Spot natural gas prices (CFDS ON NATURAL GAS) settled on a decline in recent trading at intraday levels, to achieve slight daily gains.

The price of gold held steady, as mounting concerns about a worsening energy crisis in Europe drove investors to the US currency over the euro.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Monday.

The British pound gapped lower to kick off the trading week but then turned around to bounce back above the 1.15 level.

The S&P 500 has been very negative as of late, and it is worth noting that it was Labor Day in America, so it’s difficult to imagine a scenario where the market can read too much into the action on Friday other than the fact that there is some negativity attached to it.

The NASDAQ 100 has gone back and forth during the training session on Monday in the very thin electronic trading via the futures market.

The EUR/USD has broken down a bit during the trading session on Monday but turned around to show signs of life.

The USD/JPY rallied a bit during the trading session on Monday, but you should keep in the back of your mind that it was Labor Day in the United States, and a certain amount of liquidity was probably missing from the Forex markets.

The AUD/USD has gapped slightly lower to kick off the week but then turned around to rally toward the 0.68 level.

Gold markets did very little during the trading session on Labor Day as most liquidity in the United States was simply not there.

Ethereum has rallied ever so slightly during the trading session on Monday, gaining 75 basis points.