Forex Daily Forecast, Analysis and Prediction

The USD/MXN is trading near the 18.56900 ratio early this morning, after displaying a low a few hours ago near the 18.55000 mark.

The USD/CAD has gone back and forth during the trading session on Monday, as we continue to chop back and forth against the Canadian dollar.

The GBP/USD bounced a bit during the trading session on Monday, reaching the 200-Day EMA.

The S&P 500 continues to show signs of life, as we have rallied on Monday.

The NZD/USD has rallied a bit during the trading session on Monday, as the 200-Day EMA has offered a significant amount of support.

The EUR/USD bounced a bit during the trading session on Monday as we continue to see the 50-Day EMA influence the market.

Gold markets have fallen a bit on Monday, as we continue to see the 50-Day EMA come into the picture and offers certain amount of interest.

Bitcoin has fallen a bit during the trading session on Monday, to test the 200-Day EMA.

The West Texas Intermediate Crude Oil market initially fell to reach the 50-Day EMA before turning around and bouncing.

The NASDAQ 100 Index has rallied quite nicely during the trading session on Monday, breaking above the top of the Friday candlestick.

The Japanese yen has been in the spotlight in the past few days as the replacement of BoJ’s Haruhiko Kuroda became certain.

The GBP/JPY currency pair has shot higher during the trading session on Monday, to kick off the week with a bang.

The GBP/USD exchange rate rose slightly ahead of the upcoming American inflation and UK jobs data.

The EUR/USD price rebounded modestly as the mood in the financial market improved ahead of the important American consumer inflation numbers.

The AUD/USD exchange rate drifted higher even as iron ore prices crashed to the lowest point in a month.