Forex Daily Forecast, Analysis and Prediction

At the beginning of this week's trading, the EUR/USD pair got some support to move up.

New higher support level at 0.6436.

The US dollar fell during the trading session on Monday to reach down towards the ¥107 level but found buyers to save it yet again.

The S&P 500 pulled back slightly during the trading session on Monday and then shooting higher.

The Euro rallied a bit during the trading session on Monday but then turned right back around to form a bit of a shooting star against the greenback.

The British pound has rallied a bit during the trading session on Monday to kick off the week, but we continue to see sellers in the same region, essentially the 1.25 handle.

The NASDAQ 100 initially tried to rally during the trading session on Monday, and did in fact to a point, but has pulled back to show signs of exhaustion towards the end of the day.

The Australian dollar has broken out during the trading session on Monday, as we have cleared the 0.6450 level.

107.00 looks very pivotal

The WTI Crude Oil market broke down a bit during the trading session on Monday, losing quite a bit of the gains from last week.

Silver markets have done extraordinarily little over the last several trading sessions, as the market dances around the $15.20 level.

South African finance minister Mboweni outlined one possible labor market reform for the post-Covid-19 economy, targeting restaurants.

The Indian rupee is likely to find a bit of pressure when facing the greenback during the trading session on Tuesday.

Key resistance overhead beginning at $8,000.

Gold markets pulled back a bit during the trading session on Monday to continue to show weakness.