Forex Daily Forecast, Analysis and Prediction

At the beginning of this week’s trading, and despite the holiday in Britain, the price of the GBP/USD currency pair fell to a stronger support level, towards 1.1648, its lowest since the height of the market crash in 2020.

Every time the price of the EUR/USD tries to rebound upwards, the negative impact factors remind investors that the euro will remain weak for a longer period of time.

The West Texas Intermediate Crude Oil market rallied again on Monday, to break above the 200-Day EMA.

The NASDAQ 100 gapped lower to kick off the week on Monday but turned around to show signs of life.

The ETH/USD market rallied a bit during the trading session on Monday, getting over 7%.

The DAX initially gapped lower during the Monday open but turned around miraculously to wipe all of that out and end of the day in the green.

The BTC/USD has bounced ever so slightly during the trading session on Monday to continue to test the $20,000 region.

The USD/BRL traded near value last seen in the middle of June as it ended yesterday’s Forex session near the 5.0285 ratio.

The GBP/USD is trading near the 1.17180 mark as of this writing.

The EUR/USD price was hovering at the parity level on Tuesday morning as investors waited for important economic data from Europe and the US.

The BTC/USD price dropped below the important support at 20,000 as the US dollar index surged to the highest level in over 20 years.

The USD/JPY has rallied quite significantly during the trading session on Monday to show signs of strength yet again against the Japanese yen.

The AUD/USD rebounded in the overnight session as investors reflected on the rebounding commodity prices and the strong Australian retail sales data.

The GBP/USD fell rather hard right out of the gate on Monday and looked as if it was going to start melting down.

The AUD/USD has fallen right away during the trading session on Monday but has fought back quite valiantly to show signs of life.