Forex Daily Forecast, Analysis and Prediction

The British pound fell on Monday to break down below the 1.28 handle.

The euro finally broken through support on Monday as the 1.08 region has been very stubborn.

Gold markets got crushed on Monday to break through the 50-day EMA and then fell down to break below the $1900 level.

The Australian dollar was sold off quite drastically on Monday as the US dollar continues to act as a wrecking ball against almost everything else.

Bitcoin fell a bit on Monday to break down and reach the $30,250 level.

The S&P 500 fell on Monday again to reach the 4200 level.

The US dollar gapped higher against the Canadian dollar on Monday as we continue to see a lot of strength in the greenback.

The West Texas Intermediate Crude Oil market broke down on Monday as we continue to see a lot of concerns when it comes to global growth.

The GBP/USD price continued its bearish trend as the strength of the US dollar continued.

The EUR/USD pair crashed to the lowest level since 2020 even after the strong victory by Emmanuel Macron and the positive business sentiment data in Germany.

The AUD/USD pair crashed to the lowest level since February this year as concerns about the Chinese economy pushed commodity prices sharply lower.

Investors’ reaction to the future of raising interest rates increased during the year last week, as the European Central Bank finally indicated the imminent date of tightening its policy to face the hyperinflation

Despite the halt of the recent sharp gains of the USD/JPY currency pair, the general trend is still bullish, as last week’s gains reached the currency pair’s 129.40 resistance level

Last Friday’s session was harsh for the price performance of the GBP/USD currency pair, as the currency pair fell from the resistance level 1.3034 to the 1.2823 support level.

At the end of last week's trading, Gold futures fell below the level of 1950 dollars, with losses to the support level of 1927 dollars an ounce, before closing the week's trading