Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 has fallen at the open on Monday, but then turned around to fill the gap and continue going higher.

The S&P 500 initially gapped lower to kick off the trading session on Monday, and at this point it looks as if the 50 day EMA is starting to attract a certain amount of attention.

AUD/USD: RBA leaves rates unchanged

USD/JPY: Possible bullish head and shoulders formation from 106.60

BTC/USD: Bulls in doubt below $9,200

GBP/USD: Likely to consolidate today between 1.2396 and 1.2484

The silver markets have gone back and forth during the trading session on Monday to kick off the week, initially tried to rally but then broke back down below the $15 level.

Bitcoin markets did nothing during the trading session on Monday for the third day in a row, which makes quite a bit of sense considering that the market is currently testing the $9000 level,

Gold markets gapped higher during the trading session on Monday to kick off the week, but then pulled back to fill that gap.

The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Monday to kick off the week but found support at the same place

EUR/USD: Support at 1.0840 looks strong

US Factory orders for March came in below already depressed expectations, continuing the series of worse than forecast economic reports.

Governments start to ease lockdown measures implemented to contain the spread of the Covid-19 pandemic, which has led to an increase in the infection rates

According to a new analysis conducted by the Australian Treasury, the Covid-19 related lockdown is costing the economy A$4 billion per week,

The USD/JPY losses increased pushing it to the 106.35 support, the lowest level of in nearly a month and a half.