Forex Daily Forecast, Analysis and Prediction

AUD/USD: Australian Dollar is the strongest major currency

USD/JPY: Gently descending price channel

BTC/USD: New 3-month high price reached

The Euro continues to grind higher against the greenback, as the Forex market seems to be focusing more on the idea of European bonds being federalized than anything else.

The US dollar continues to go back and forth, doing almost nothing at the 50 day EMA against the Japanese yen.

The Australian dollar broke out during the trading session on Monday, clearing the 0.67 level handily and even tested the 0.68 level.

The S&P 500 initially fell during trading on Monday, but as you can see, we ended up seeing a lot of noise but then turned around to see buyers jump in and push this market back up to the upside.

The NASDAQ 100 had pulled back a bit during the trading session on Monday, but as it is so heavily weighted by the favorite stocks on Wall Street,

The British pound exploded to the upside, reaching towards 1.25 handle above, and as a result it is likely that we are going to see a little bit of a pushback

Silver markets have gapped slightly during the open on Monday, only to turn around and fall, and then rally again before giving up even more.

The US dollar has gone back and forth during the course of the trading session on Monday as we continue to see a lot of push and pull when it comes to emerging market currencies

The West Texas Intermediate Crude Oil market has done nothing during the day on Monday, as we are simply sitting around and waiting to see whether or not we can break out to the upside.

The gold markets had a very choppy trading session on Monday, as we have continued to be very noisy in this market as well as others.

Despite the European Central Bank’s acknowledgment that the Eurozone will face a more precipitous than previously considered recession

First-quarter export volume out of New Zealand increased, defying calls for a marginal contraction.