Forex Daily Forecast, Analysis and Prediction

USD/JPY: Bears in control.

AUD/USD: USD uprising and the tensions with China.

GBP/USD: 1.3010 and 1.2940 are buying levels.

EUR/USD: 1.1680 support threatens the bullish potential

As largely predicted, gold prices reached overbought areas, and technical indicators await profit-taking selloffs for correction.

For three trading sessions in a row, the USD/JPY has been trying to correct to the upside, but gains did not exceed the 106.20 level, now the pair remains stable around that level at the time of writing.

The USD/BRL is near an important technical juncture of 5.5000.

The USD/ARS remains in a long term buying position.

In early trading this morning the USD/INR remains locked within a tight range.

If you are not an experienced trader you should think twice before attempting to try and speculate with the USD/PKR.

South African Reserve Bank (SARB) Governor Lesetja Kganyago defends the implemented monetary of the central bank, after growing criticism by business groups over the lack of quantitative easing measures as executed by developed economies.

Gabriela Siller, the Director of Economic and Financial Analysis at Banco BASE, warned that a complete economic recovery for Mexico is likely to take between six and eleven years, with four years outlined as a best-case scenario.

The S&P 500 pulled back slightly during the trading session on Monday to kick off the week but continues to find buyers on these dips.

The British pound found support during the trading session on Monday, initially shooting higher but then breaking back down towards the crucial 1.30 level.

The US dollar rallied significantly during the trading session initially on Monday against the Japanese yen but gave back a significant amount of the gains to form a bit of a shooting star.