Forex Daily Forecast, Analysis and Prediction

Ripple, the entity controlling the XRP token, secured a C-Round of funding worth $200 million.

Bearish momentum is expanding once again after the USD/CAD completed a breakout above its support zone.

After UK Prime Minister announced plans to make an extension of the Brexit transition period past December 31st 2020 illegal, the British Pound entered a sharp sell-off.

As equity markets extended their Santa Clause rally, the risk-on mood led to capital outflows from the safe-haven Swiss Franc.

The US dollar has tried to rally initially during the trading session on Monday against the Japanese yen but then pulled back a bit to show signs of weakness.

The Euro has rallied nicely during the trading session and low-volume at the 50 day EMA to kick off the week for Monday.

The British pound suffered again during the trading session on Monday after initially trying to rally but found the area above the 1.30 level to be far too expensive.

The Christmas Eve session is shortened and basically electronic. There will be almost no volume in the markets.

In light of the Christmas and New Year holidays, liquidity in the markets is low, and investors are far from making deals until the markets return to the full nature of their work.

Despite the weak results of the US economic data, the GBP/USD continues its strong losses

The NASDAQ 100 has rallied a bit during the trading session on Monday, which is pretty impressive when you think about the fact that we are in the middle of the Christmas week.

The Australian dollar rallied quite nicely during the trading session on Monday, reaching towards the most recent highs.

As we expected before, the stability of gold prices for a long time and for several sessions foreshadows a forthcoming price explosion.

Poor performance of the USD/JPY with investors preparing for Christmas and New Year holidays.

The West Texas Intermediate Crude Oil market rallied slightly during the trading session on Monday in very thin trading.