Forex Daily Forecast, Analysis and Prediction

We are seeing a lot of noisy behavior and I think at this point we are just simply trying to sort out whether or not we are going to have more risk taking or more risk aversion in the markets.

In today’s Nasdaq 100 analysis you can see that there is a lot of like noisy behavior.

The gap lower has been delivered on the heels of South Africa announcing that coalition political parties have formally agreed to minister posts.

USD/MXN remains nervous due to changing sentiment from Mexico's aggressive Morena party.

Both currencies are relatively strong.

The US dollar initially pulled back against the Chinese Yuan, only to turn around and show signs of strength again.

The US dollar has rallied slightly during the early hours on Friday against the Russian ruble but continues to see a lot of noise overall.

In today’s GBP/JPY analysis we continue to see a lot of bullish pressure on each dip, and I think that it is only a matter of time before buyers come in and pick this market up.

The euro has initially fell a bit during the trading session on Friday, to dip down below the 1.07 level yet again.

The Australian dollar initially fell during trading on Friday but turned around to show signs of hesitation.

In today’s gold analysis, we can see that there is a certain amount of support underneath.

At this point, it looks like we are testing the 1.3550 level, an area that previously has been resistant.

The GBP/USD exchange rate remained in a tight range on Monday ahead of the upcoming UK election and US nonfarm payrolls (NFP) data.

The EUR/USD pair rose on Monday morning as the market reacted to Sunday’s election in France.

Bitcoin price bounced back on Monday morning as traders bought the weekend dip when it crashed to $60,000.