Forex Daily Forecast, Analysis and Prediction

During the last week's trading, the most prominent decline in the Forex market was the collapse of the GBP/USD pair towards the 1.1975 support level, penetrating the 1.2000 psychological support.

The price of the EUR/USD currency pair stumbled again in a rebound higher, as the negative pressures on the euro are still strong and persistent.

The USD/BRL will begin trading today near mid-term highs and speculators may feel enticed to wager on direction, but they should be careful.

The USD/CAD has come off of highs and is bouncing along important mid-term support levels in early trading this morning.

The US dollar rallied ever so slightly during thin trading on Monday, as it was Independence Day in the United States.

The US dollar rallied ever so slightly against the Singapore dollar on Monday, but it should be noted that it was Independence Day in the United States, meaning that there was probably somewhat of a lack of liquidity.

The British pound initially tried to rally on Monday, but could not hang on to the gains.

The S&P 500 Index itself was closed Monday, but the futures markets were open for limited off-hour trading.

The euro initially tried to rally against the US dollar during Monday trading, but gave back almost all of the gains in yet another sign of weakness.

Ethereum rallied just a bit Monday to show signs of life.

The German DAX Index went back and forth on Monday as traders still have no real clue as to what they want to do.

The CAC in Paris gave up early gains Monday as it appears that there was very little volume willing to step out on the risk spectrum.

Bitcoin rallied a bit Monday, but pales in comparison to the massive selling that we had seen previously.

The WTI Crude Oil market had a relatively positive Independence Day, but it should be noted that volume was a bit thin as most trading was electronic and off hours.

The AUD rose on a minor risk-on rally.