Forex Daily Forecast, Analysis and Prediction

The euro continues to be rather sideways in general, as we gained ever so slightly during a quiet session on Monday.

The British pound rallied again during the trading session on Monday, as traders pound into sterling.

The West Texas Intermediate Crude Oil market gapped higher during the trading session on Monday as the week started out very positively.

The S&P 500 gapped slightly higher to kick off the week on Monday in the futures markets, and then rallied it towards the crucial 3950 level.

The NASDAQ 100 traded its e-mini contract electronically during the trading session on Monday, but the underlying index itself was closed.

The Bitcoin markets fluctuated during the trading session on Monday to kick off the week on a slightly positive tone in the end.

The FTSE 100 has taken off during the open on Monday, gapping higher and then slicing through the 6600 level like it was not even there.

The DAX index gapped higher to kick off the trading session on Monday, which has been very bullish for stocks in general.

The gold markets continue to look very quiet, but that is not a huge surprise considering that the Americans were away for President's Day.

The Australian dollar rallied a bit during the trading session again on Monday to kick off the week on a positive note.

The GBP/USD price rose to the highest level in more than 34 weeks mostly because of the relatively weak US dollar and the ongoing vaccination efforts in the UK.

The BTC/USD is on the verge of a bullish breakout to $50,000.

The GBP/JPY has seen another swift climb in trading today as important long-term resistance levels have been proven vulnerable.

The USD/BRL has remained within a tight trading band the past five days, but technical traders may believe that short-term indicators may be setting the stage for a small bearish trend to develop.

The USD/ZAR has continued to display a rather swift bearish trend as it has broken free from January’s bullish cycle which caused difficult days for speculators who insisted on looking for more downside action.