Forex Daily Forecast, Analysis and Prediction

South Africa will report its 700,000th Covid-19 infection this week and has nearly 51,000 active cases.

AUD/USD: Weaker Australian Dollar

USD/JPY: Consolidation likely to persist

BTC/USD: $11,460 resistance breaks

The US dollar has initially gapped higher against the Japanese yen but then broke down towards the ¥105.25 level underneath.

The bitcoin market rallied significantly during the trading session on Monday to kick off the week, as we are well above the $11,000 level.

The Euro went back and forth during the trading session on Monday, initially gapping lower before going back and forth.

The NASDAQ 100 has exploded to the upside during the trading session on Monday, breaking above the 12,100 level by the end of the day.

The S&P 500 has gone straight up in the air during the trading session on Monday, as we continue to see the market look at the stimulus with wild eyed abandon

The silver markets initially tried to push higher during the trading session on Monday but gave back quite a bit of the gains in order to form a bit of a shooting star.

The DAX Index has enjoyed a bullish trend upwards as global risk appetite has increased sufficiently the past week.

The ability of the USD/BRL to consistently trade near resistance levels since late September has allowed a speculative dance to test downward cycles

The West Texas Intermediate Crude Oil market has pulled back a bit during the trading session on Monday to kick off the week, showing signs of weakness yet again.

Gold markets gapped higher to kick off the trading week, breaking out above the highs of the Friday session, only to turn around and find the bottom of the gap yet again.

The Pakistani Rupee has seen a wave of increased selling against the USD since the 1st of October.