Forex Daily Forecast, Analysis and Prediction

Gold prices continued to collapse as Treasury bond yields and the US dollar continued to rise and pushed investors to abandon the yellow metal.

The pound is trying to withstand the recent strength of the US dollar, supported by investor optimism towards the pace of British vaccinations.

The announcement of slow Japanese economic growth on Tuesday morning was an additional impetus for the USD/JPY to push to the 109.23 resistance level.

For the second week in a row, the EUR/USD is continuing its bearish correction.

UNI/USD is traversing near record highs in early trading today as the broad cryptocurrency market has been energized again.

The USD/ZAR is trading near important mid-term resistance levels as the Forex pair’s trend produces nervous technical conditions.

The USD/INR delivered a large amount of volatility late last week, but the Indian rupee remains attractive technically.

Bulls face barriers at and below the big quarter-number.

The West Texas Intermediate Crude Oil market initially shot higher during the trading session on Monday as it was reported that Houthi rebels had attacked a Saudi oil pipeline again.

The US dollar fluctuated during the course of the trading session on Monday as we have seen a bit of a hesitant market.

The DAX broke higher during the course of the trading session on Monday to break above the 14,250 level.

The S&P 500 was all over the place during the training session on Monday, as the volatility continues to pick up.

The NASDAQ 100 broke down significantly during the trading session on Monday to wipe out all of the gains from the Friday session.

Gold markets initially tried to rally during the trading session on Monday but gave back the gains rather quickly.

The Australian dollar initially tried to rally during the trading session on Monday but did break down a bit to reach down towards the previous trendline that we have been paying close attention to.