Forex Daily Forecast, Analysis and Prediction

The AUD/USD rose in early trading as traders reacted to the latest interest rate decision from New Zealand and the strong house prices data from the United States.

The EUR/USD retreated in the overnight session as investors reflected on the strong home prices from the United States.

The BTC/USD tilted higher as investors placed their bets that the Federal Reserve will hold its monetary policy steady even as US consumer inflation rises.

The GBP/USD price is in a tight range as investors reflect on the upcoming full reopening of the UK economy and the relatively robust numbers from the United States.

EUR/USD tested 1.2260 resistance level due to improving economic data results in Europe, its highest in more than four months.

The pace of risk appetite affecting global financial markets, including the forex market, weakened the Japanese yen as the safe haven currency.

Yesterday's trading session was the best daily performance for the GBP / USD currency pair in nearly a month and a half.

Gold futures settled lower yesterday, reaching the support level of 1784 dollars an ounce.

ADA/USD has bounced higher after touching lows this weekend, and its trading is technically intriguing when compared to the broad cryptocurrency market.

Since the middle of May, DOT/USD has produced a bearish trajectory and is now testing important mid-term support levels.

DOGE/USD has recovered from its lower values which were exhibited this past weekend, but the cryptocurrency is now battling resistance again.

ETH/USD has produced a rocky avenue for speculators the past week and its future path may prove to be challenging in the short term.

Perhaps that supply of crude oil will not hit the market anytime soon.

If we do get a daily close below the 1.20 handle, then I believe this pair will probably fall significantly.

The FTSE 100 rallied just a bit during the trading session on Monday to show signs of strength again, as we continue the overall uptrend.