Forex Daily Forecast, Analysis and Prediction

Gold markets tried to go higher at the open on Monday but have found so many sellers out there that they have collapsed and slammed into the bottom of the overall range

The hopes of euro investors quickly evaporated in the recent hawkish statements from European Central Bank officials headed by Lagarde

The pound fell against the dollar GBP/USD after US inflation outpaced the Fed's view of the market.

The strong and continuous signals for the future of raising US interest rates throughout 2022 contributed to the continuation of the bullish momentum of the USD/JPY currency pair

Gold futures turned strongly positive, stunning many traders and analysts, as higher-than-expected US inflation sent investors to the safe-haven assets.

Spot natural gas prices (CFDS ON NATURAL GAS) declined in their recent trading at the intraday levels, to record daily losses until the moment of writing this report, by -1.00%.

The Turkish lira continued to decline against the dollar after a kind of rise during trading last Friday, as the Turkish government announced a set of measures that indirectly aim to tighten monetary policy and withdraw funds from the markets.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses for the third consecutive day, by -2.73%, to lose the index towards -880.00 points.

DOGE/USD is trading below 6 cents as of this writing, and its decline in value continues to display a nearly one way direction.

ETH/USD did not sell off politely this weekend, it dove through support levels quickly and Ethereum is challenging all traders.

The Australian dollar initially tried to rally on Friday but gave bank gains as the inflation numbers in the United States came out much hotter than anticipated.

The DAX broke down again on Friday as we continue to see a lot of negativity in equities overall.

The S&P 500 fell rather hard on Friday as inflation numbers came out much stronger than anticipated, destroying the narrative that Wall Street was trying to put together.

The NASDAQ 100 fell hard again Friday as inflation numbers in the United States came and went.

The gold market had initially fallen on Friday and then fell even quicker once the inflation numbers came out much hotter than anticipated.