Forex Daily Forecast, Analysis and Prediction

The pound sterling fell towards $1.23, reaching its lowest level since mid-November, as investors recalibrated their expectations for the timing of the Bank

The EUR/USD is expected to trade higher this week, although the bigger picture is still one of weakness at the 1.05 psychological support level.

The USD/SGD did come down from the high water marks and went into the weekend near the 1.36160 vicinity.

The AUD/USD exchange rate continued its recovery this week as global risks eased, triggering a risk-on sentiment.

The EUR/USD exchange rate remained in a tight range as traders focused on the next actions by the European Central Bank (ECB) and the Federal Reserve.

Bitcoin has staged a strong recovery in the past few days as investors cheered last Friday’s halving event.

The GBP/USD exchange rate slipped for the third straight day on heightened Bank of England (BoE) interest rate cut hopes.

The US dollar initially tried to rally against the Canadian dollar on Monday but gave back gains as it looks like we are going to continue to pullback.

The euro is shot straight up in the air during the trading session on Monday, breaking well above the 200-Day EMA against the British pound.

The German DAX gapped to the upside during the early hours on Monday, as it looks like we are trying to recover.

Silver markets have plunged drastically to kick off the week, as we have finally seen the lack of momentum take apart this market.

The French CAC has been all over the place during the trading session on Monday, buyers were more than willing to step in and pick up the equity market in France.

Bitcoin continues to power higher during the Monday session as it looks like we are willing to step in and continue the overall consolidation.

The US dollar continues to pressure the yen to the upside and as I look at the chart, it's easy to see that the market has shown itself to be very resilient.

The S&P 500 has shown itself to be somewhat bullish to kick off the week and that does make a certain amount of sense considering just how sold off we had gotten.