Forex Daily Forecast, Analysis and Prediction

The US dollar gapped higher against the Canadian dollar on Monday as we continue to see a lot of strength in the greenback.

The West Texas Intermediate Crude Oil market broke down on Monday as we continue to see a lot of concerns when it comes to global growth.

The GBP/USD price continued its bearish trend as the strength of the US dollar continued.

The EUR/USD pair crashed to the lowest level since 2020 even after the strong victory by Emmanuel Macron and the positive business sentiment data in Germany.

The AUD/USD pair crashed to the lowest level since February this year as concerns about the Chinese economy pushed commodity prices sharply lower.

Investors’ reaction to the future of raising interest rates increased during the year last week, as the European Central Bank finally indicated the imminent date of tightening its policy to face the hyperinflation

Despite the halt of the recent sharp gains of the USD/JPY currency pair, the general trend is still bullish, as last week’s gains reached the currency pair’s 129.40 resistance level

Last Friday’s session was harsh for the price performance of the GBP/USD currency pair, as the currency pair fell from the resistance level 1.3034 to the 1.2823 support level.

At the end of last week's trading, Gold futures fell below the level of 1950 dollars, with losses to the support level of 1927 dollars an ounce, before closing the week's trading

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at a decrease in its recent trading at the intraday levels, to record slight daily losses by -0.34%.

The Turkish lira fell against the dollar at the opening of the weekly trading, although trading remained in a narrow range.

All 30 components of the index declined, with Caterpillar Inc. share leading the list of the most declining stocks by percentage.

XRP/USD has demonstrated a sharp move lower in early trading as a nervous weekend of trading has continued into Monday morning.

ADA/USD has made new lows this morning and fell to a value not seen since the 19th of March, putting speculators on a nervous edge as sentiment is considered.

The US Dollar continues to advance on rising yields.