Forex Daily Forecast, Analysis and Prediction

The Euro continues to go back and forth overall, but Monday was a slightly positive session.

The British pound has rallied a bit during the trading session on Monday, breaking back above the 1.28 handle as traders continue to consolidate the British pound against the US dollar.

The Australian dollar has done nothing during the trading session on Monday, which isn’t much of a surprise as we continue to wait to see what the Americans are the Chinese are going to do.

The West Texas Intermediate Crude Oil markets have pulled back a bit during the trading session on Monday to kick off the week in direct response to the US/China trade relations not necessarily been a strong as thought last week.

The natural gas markets have gapped lower to kick off the week on Monday and have even broken down below the $2.65 level. At this point, the market is likely to continue going lower because it has closed towards the bottom of the range for the session.

The gold market has fallen a bit during the trading session on Monday, reaching towards the crucial $1450 level.

Bitcoin attempted to rally during the Monday session but found enough resistance at the 50 day EMA to rollover and form a week looking candle.

Following the brief spike higher which led to the 4th best daily gain in Bitcoin’s history, bearishness has returned

Over the course of last week's trading, the EUR/USD has been under downward pressure from a three-month high of 1.1175 resistance to 1.1016support, where it closed the week around.

The Pound was unable to withstand the strength of the US dollar, especially as the Bank of England abandoned the idea of ​​a near rate hike and two members voted to cut rates rather than expectations of financial markets to raise them.

NZDUSD: Unpredictable

Even as doubts about the prospects of a formal trade deal between the United States and China return after President Donald Trump said he did not agree to cut tariffs

AUDUSD: Ranging with a bullish tilt

USDJPY: More bullish above 109.10

The strength of the US dollar and risk appetite pushed the USD/JPY pair to the 109.47 resistance, its highest level in five months, and closed last week's trading around 109.22, near recent highs.