Forex Daily Forecast, Analysis and Prediction

Despite official US approval for distribution of the Pfizer vaccine, the USD/JPY continued its downward path at the beginning of this week's trading.

The GBP/USD has so far failed to cover the price gap that occurred this week.

The West Texas Intermediate Crude Oil market continues to be somewhat sideways in general as we try to figure out what to do next.

The euro rallied during the trading session on Monday but gave back the gains near the 1.2175 handle, forming a shooting star.

The British pound skyrocketed during the trading session on Monday to kick off the week, reaching towards the 1.3450 level again.

The S&P 500 initially shot higher during the trading session on Monday but gave back the gains rather quickly as we see a lot of volatility and concerns as to whether or not stimulus will be a fact of life.

The NASDAQ 100 rallied significantly during the trading session on Monday to kick off the week on the right foot.

Gold markets pulled back during the trading session on Monday but seems to be finding buyers just below.

Silver markets fell during the trading session on Monday to kick off the week, but as you can see, we continue to see support just below the $24 level as we have over the last several sessions.

Bitcoin markets rallied significantly during the day's trading session, breaking the top of a hammer from the previous session, and using the $18,000 level as a springboard.

The Australian dollar continues to grind overall as we try to digest the idea of being above the 0.75 handle.

The US dollar initially fell a bit during the trading session on Monday to break down significantly through the ¥104 level, which is an area that has been massive support extending down to the ¥103.70 level.

Support at $18,976 looks pivotal.

Chance of reaching new long-term high prices.

The AUD/USD pair has reached its highest level in two years.