Forex Daily Forecast, Analysis and Prediction

As the Forex markets began trading this morning, the USD has continued to be a source of nervousness.

The Euro initially tried to rally a bit during the trading session on Monday, but at this point we turned right back around to show signs of hesitation.

The US dollar has rallied a bit against the Mexican peso during the trading session on Monday, as we have seen US dollar strength overall.

The Swiss franc has been back and forth during the trading session on Monday, as this market is going to continue to see a lot of noisy behavior.

The euro initially tried to rally a bid during the early hours on Monday, but then drifted a bit lower against the Japanese yen.

The Australian dollar initially rally during the trading session on Monday.

The Euro initially fell against the British pound, but you can see we have turned around to form a bit of a hammer early in the day.

Gold initially shot higher during the trading session on Monday, but then gave back quite a bit of gains.

The US dollar rallied rather significantly during the trading session on Monday, as the 50-Day EMA offered significant support.

The Nasdaq 100 has gapped higher to kick off the trading week and then shot to the upside.

The dollar has risen against the Japanese yen yet again during the Monday session, but that's not really a big surprise considering the interest rate differential.

The GBP/USD pair tumbled sharply after the US published strong manufacturing numbers on Monday.

The EUR/USD pair continued its strong bearish trend this week as traders reflected on the strong US manufacturing report.

Bitcoin joined American stocks in a deep dive on Monday as a risk-off sentiment prevailed in the market.

Support at $0.6480 likely to be pivotal today.