Forex Daily Forecast, Analysis and Prediction

The natural gas markets initially tried to rally during the trading session on Monday but gave back its gains as markets around the world generally were relatively sluggish.

Gold markets gapped to kick off the week as the Chinese coronavirus continues to have fear coming into the market.

The German DAX gapped lower to kick off a very negative session on Monday, as futures dropped all the way down to the 50 day EMA.

Todd markets went back and forth during the trading session on Monday as traders went back to work.

There is no doubt that the Japanese yen is one of the most popular safe-haven assets for investors in times of uncertainty, and the US dollar is behind it in this regard.

At the beginning of the Corona virus crisis, the price of gold was not much interested in the event, which explains the movement of the gold price in narrow and limited ranges between 1568 and the $1546 support.

The British Pound showed great resistance against the recent strength of the US dollar.

EUR/USD attempts for a bullish correction collapsed during the past week’s trading, with investors returning to buy the dollar as a safe haven amid risk aversion.

AUD/USD: Very Bearish

USD/JPY: Bearish

BTC/USD: Bullish break above bearish trend line

GBP/USD: Pound is less weak than most risky currencies

Bitcoin lost its bullish momentum after completing a breakdown below its resistance zone.

Brexit is five days away, but the UK will remain under EU rules until the end of the transition period.

Commodity demand is depressed as a result of constant new threats to the slowing global economy, like the spreading of a deadly string of coronavirus