Forex Daily Forecast, Analysis and Prediction

The Aussie found buying interest to kick off the week amid improving risk sentiment following U.S. President Donald Trump telling reporters on Sunday that it was highly unlikely he would order fresh attacks on Iran if diplomatic efforts continued.

USD/JPY continues to trade sideways, with the dollar finding support around its 50-day and 200-day EMAs as carry-trade interest supports the bullish outlook.

USD/CHF recovered from an early Monday decline as the author pointed to favorable interest-rate differentials and renewed carry-trade interest.

GBP/USD rallied on Monday, breaking above its 200-day EMA as the British pound showed resilience against the US dollar.

USD/CAD recovered from an early Monday decline as traders continued to react to contrasting US and Canadian employment data.

AUD/JPY rebounded from support near ¥109 as the interest-rate differential between Australia and Japan continued to favor the Australian dollar.

Bitcoin fell to approximately $73,500 over the weekend, its lowest level since August, as more than $1 billion in crypto positions were liquidated over the last 24 hours.

USD/CHF rallied following stronger-than-expected US employment figures, reinforcing expectations that the US dollar could benefit from a favorable interest-rate differential against the Swiss franc.

USD/MXN weakened despite stronger-than-expected US employment figures, as expectations of resilient US demand supported the outlook for Mexican exports.

EUR/USD extended its decline after stronger-than-expected US employment figures reinforced expectations of tighter Federal Reserve policy.

Volatility in Gold is a clear sign that speculative forces are turning their attention to the commodity again, particularly as outlooks regarding global affairs remain unclear.

USD/JPY recovered from an early decline following stronger-than-expected US employment figures, reinforcing the author's bullish outlook.

USD/CAD rallied after US employers reportedly added 165,000 jobs, beating expectations, while Canada unexpectedly lost 4,500 positions.

Copper is testing its 200-day EMA as buyers attempt to stabilize prices following recent volatility. A sustained move above $6.50 could encourage further buying, while a breakdown below recent lows would put the important $6 support level back in focus.

AUD/USD extended its decline to 0.6862, its lowest level since April, after stronger-than-expected US employment data increased expectations of further Federal Reserve tightening.