Forex Daily Forecast, Analysis and Prediction

The EUR/USD price was little changed on Monday morning as investors waited for the important German sentiment data and US durable goods orders.

The AUD/USD price retreated slightly during the Asian session as the number of COVID cases in New South Wales (NSW) rose and after the strong US housing data.

Since touching lows not tested since the last week in December of 2020, the AUD/JPY has reversed slightly higher, but the Forex pair remains within speculative depths.

The USD/MXN has turned bullish in the short term after important resistance was punctured late last week, adding speculative buying to the mix.

As of this morning, gold is trading near the important juncture of 1800.00, after having made rather polite gains the past two days.

With the stalling of the US dollar’s ​​gains ahead of the Jackson Hole Symposium this week, gold rebounded higher to $1806, where it has settled as of this writing.

The USD/JPY will remain unstable until the much-anticipated Jackson Hole Symposium later this week.

The GBP/USD kicked off the week at the 1.3602 support, it's lowest of the year, but gained momentum and moved up to the 1.3747 resistance level as of this writing.

The EUR/USD was quick to recover after the recent turmoil in the global markets.

0.7250 may act as strong resistance.

Ethereum has produced astonishing consolidated and tranquil trading results the past handful of days and this may attract speculators.

The US dollar got hammered on Monday against the Canadian dollar as the crude oil markets took off.

The West Texas Intermediate Crude Oil market rallied significantly on Monday, reaching above the $65 level.

Bitcoin broke above the $50,000 level on Monday but then pulled back to form a bit of a shooting star.

The NASDAQ 100 rallied significantly on Monday as we continue to see plenty of momentum jump to the upside ahead of the Jackson Hole meeting.