Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market initially fell during Monday trading as we got reports from OPEC that they were cutting 500,000 barrels per day.

Natural gas markets gapped lowered to kick off this session on Monday as some whether reports are calling for warmer temperatures in the month of December.

The S&P 500 is pulling back at this point but it’s very likely that it will continue to find buyers underneath.

NASDAQ 100 traders sold off initially during the trading session on Monday, but at this point it hasn’t been much of a sellout.

The Euro rallied a bit during the trading session on Monday but gave back quite a bit of the gains to form a less than impressive candlestick.

The Australian dollar initially fell during the trading session on Monday but continues to find support underneath at the 50 day EMA.

The US dollar had initially pulled back during the trading session on Monday but has turned around to show signs of life again.

Bitcoin markets initially tried to rally during the trading session on Monday but gave back the gains to form a less than impressive candlestick.

Gold markets initially tried to rally during the trading session on Monday but gave back quite a bit of the gains to end up forming a relatively lackluster session.

Following the breakdown in the EUR/CAD below its short-term resistance zone, more downside is anticipated to follow.

With the UK elections less than 48 hours away, the outcome remains uncertain. Prime Minister Johnson and his Tories are widely expected to win the election,

Economic data released out of New Zealand showed a contraction in truck traffic, suggesting fewer goods were moved domestically.

Australian consumer confidence rose slightly at the beginning of the month, and third-quarter house prices came in better than expected.

GBPUSD: Bullish on U.K. election polls

EURUSD: Weakly bearish with 1.1043 pivotal