Forex Daily Forecast, Analysis and Prediction

The Euro broke down during the trading session on Monday, slicing through the 1.09 level.

The S&P 500 gapped higher to kick off the week on Monday, but then pulled back a bit to try to fill that gap.

The British pound initially tried to rally during the trading session on Monday but found quite a bit of resistance

The Australian dollar went back and forth during the trading session on Monday, reaching towards the 0.6750 level.

The US dollar has been grinding higher for several days against the Mexican peso now, and Monday of course wasn’t any different.

The US dollar reaped much of its gains against the other major currencies, contrary to expectations

While the US Dollar has remained resilient in the wake of core fundamental economic problems which have now been joined by political issues

As Bitcoin is dragging down the cryptocurrency market, Ripple stabilized following a volatile rally which was followed by an equally sharp correction.

The Eurozone economy is slowing down faster than expected as evident in last week’s economic data which came in below expectations.

At the beginning of this week, the EUR/USD is trying not to break below the 1.0900 psychological support to avoid further downside pressure.

Ahead of the UK GDP growth figures, the GBP/USD pair is trying to stop the recent losses

Weaker-than-expected economic data out of Japan prevented the USD/JPY to start a reversal, but bearish pressures are on the rise

it seems clear that the gold price is in a stage of breaking the uptrend especially if it stabilizes below the $1480 support level.

On the daily chart, USD/JPY still has a chance to for an upward correction, and a return back above 108.00 resistance.

The Australian dollar has initially tried to rally during the trading session on Friday as the 0.6750 level continues to attract a lot of attention.