Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied significantly against the Canadian dollar during trading on Monday as we continue to see a push much higher.

The Parisian index has initially tried to rally during the session on Monday but gave back gains rather quickly.

The DAX German Index initially tried to rally during the training session and Monday but gave back gains to show signs of exhaustion yet again.

The NASDAQ 100 initially tried to rally during the trading session on Monday but gave back gains rather quickly.

The West Texas Intermediate Crude Oil market has fallen rather hard during the session again on Monday to show signs of weakness.

The USD/MXN has climbed in value the past handful of trading days and presents a speculative opportunity for traders.

Bitcoin has remained surprisingly steady during the trading session on Monday as the US dollar has crushed almost everything in its sites.

Last week’s intervention by the Bank of Japan to ‘protect’ the Japanese Yen worked wonders.

The GBP/USD crash to a record low in the overnight session even after assurances by the Bank of England (BoE) and the UK’s Treasury Department.

The EUR/USD price remained under pressure despite a hawkish statement by Christine Lagarde of the European Central Bank (ECB).

The BTC/USD remained in a tight range as Bitcoin’s correlation with American equities eased.

The AUD/USD price continued its downward trend as the relentless sell-off gathered momentum.

The Euro fell again during trading on Monday as the “risk off” trait is most certainly in full effect.

The British pound has been all over the place during the session on Monday, as we continue to see plenty of negativity.

Gold markets have fallen again during the trading session on Monday, as the US dollar continues to strengthen against everything.