Forex Daily Forecast, Analysis and Prediction

AUD/USD: Coming back as risk appetite improves

Argentina is a welfare recipient that cannot get enough help and is never satisfied with its financial arrangements.

USD/JPY: Wide bearish wedge formation

The USD/BRL has consistently challenged support levels in the short term.

The USD/PKR offers speculators an intriguing support level to demonstrate their trading capabilities.

With daily Covid-19 infections across India at alarming levels and total cases are on course to surpass 5,000,000 in the next 24 hours, GDP forecasts for the fiscal year 2021, ending March 2021.

After South Africa reported a 51.0% quarterly and 17.1% annualized GDP collapse in the second quarter, Finance Minister Tito Mboweni confirmed the 2020 full-year contraction would be worse than the present South African Reserve Bank (SARB) forecast for a decrease of 7.3%.

The silver markets have rallied a bit during the trading session on Monday as traders came back to work from the weekend.

The NASDAQ 100 has tried to rally during the trading session on Monday but has given back quite a bit of the gains.

Gold markets have rallied a bit during the trading session on Monday to kick off the week, as we have seen precious metals have a fairly strong day.

BTC/USD: Highest price in 10 days

The West Texas Intermediate Crude Oil market has done very little during the trading session on Monday to kick off the week, but that should not be a huge surprise.

The S&P 500 has rallied quite significantly during the trading session on Monday, reaching towards the 3400 level before giving back those gains.

GBP/USD: Seems bid near 1.2750

EUR/USD: Approaching long-term high prices