Forex Daily Forecast, Analysis and Prediction

The recent skirmishes between the two largest economies in the world will motivate investors once again to buy safe haven assets, and gold will have a large share of this turnout.

Investors have abandoned risk appetite amid a renewed US-China conflict that will deepen the global crises caused by the Corona epidemic.

The Euro gave up many of its recent gains amid renewed disagreement between the two largest economies in the world over the cause of the Corona pandemic, which pushed the global economy into the abyss.

India divided its country into three zones. Green is where social life and economic activity face the least disruptions, but travel is restricted.

The Australian dollar has initially fallen during the trading session on Monday, breaking towards the 50 day EMA before bouncing a bit.

The US dollar initially tried to rally during the trading session on Monday but found a significant amount of resistance near the ¥107 level.

The British pound has broken down a bit during the trading session on Monday, reaching towards the 1.24 level before bouncing slightly.

The Euro initially gapped lower at the open on Monday but then turned around to fill that gap before falling somewhat significantly.

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.