Forex Daily Forecast, Analysis and Prediction

Today’s pivotal point is likely to be 0.7083.

The German DAX Index gapped lower in the futures market right away on Monday, turned around to fill that gap, and then fell again.

The euro initially gapped higher to kick off the Monday session but has given back all of the gains to slam into the 1.05 level again.

Litecoin fell a bit on Monday to pierce the $100 level.

Ripple fell rather hard on Monday to break down to as low as $0.57, before bouncing enough to form a bit of a hammer.

The West Texas Intermediate Crude Oil market fell initially on Monday to reach down to the 50-day EMA.

Gold markets got crushed on Monday as we continue to see the US dollar act like a wrecking ball against everything it touches.

The Bitcoin market initially fell on Monday but found enough support to stabilize near the $30,500 level.

The S&P 500 initially fell rather hard on Monday, breaking down below the 4100 level.

The US dollar rallied again on Monday as we are threatening the 1.39 SGD level.

On Monday, the US dollar initially pulled back a bit against the Indian rupee, but as we have seen time and time again, the US dollar recovered to show signs of life.

The GBP/USD pair retreated slightly on Tuesday morning as investors refocused on the upcoming interest rate decisions by the Federal Reserve and the Bank of England (BOE).

The EUR/USD pair was little changed after the mixed economic data from the euro area and the upcoming interest rate decision by the Federal Reserve.

The BTC/USD pair remained in a tight range as investors reacted to critical statements by Warren Buffett and Charlie Munger.

Amid the continuation of record bearish pressure for the EUR/USD currency pair, investors and markets in general are preparing for an important and historic trading week.