Forex Daily Forecast, Analysis and Prediction

The US dollar rallied again on Monday against the Japanese yen to go looking towards the ¥115 level.

Monday saw bullish pressure in the S&P 500 again, as we broke to an all-time high.

The NASDAQ 100 took off to the upside on Monday, as it looks like we are ready to continue going much higher.

The US dollar did very little over the last 24 hours against the Swiss franc, which should not be a huge surprise considering that we are between Christmas and New Year’s Day.

The euro broke rather hard to the upside on Monday, clearing the ¥130 level.

The West Texas Intermediate Crude Oil market rallied significantly on Monday to break above the crucial 50 day EMA and the $75 level.

The US dollar rallied to kick off the trading session on Monday but ran into way too much resistance to continue going higher.

Bitcoin initially dipped lower on Monday to reach below the $50,000 level but turned around to show signs of life and break above the $51,000 level.

Gold markets went back and forth on Monday, as it looks like we are threatening the $1820 level.

Silver markets initially fell on Monday but then turned around to show signs of strength yet again.

The EUR/USD pair moved sideways in the overnight session as US stocks continued their Santa Claus rally.

The GBP/USD pair moved sideways in a low-volume environment as investors assessed the state of the UK and American economies.

The BTC/USD pair made a sharp reversal in the overnight session as demand for Bitcoin retreated.

Despite the state of optimism regarding the new COVID variant and risk appetite, gold prices rebounded higher, stable around $1811, near its highest in a month, amid the decline of the US dollar.

Like last week, the USD/JPY is stable around the 114.47 resistance level, near its highest in more than a month.