Forex Daily Forecast, Analysis and Prediction

BTC/USD: Breakout to new 1-year high prices

Norway passed the 10,000 Covid-19 infection mark on Monday, as hundreds of thousands of students returned to school.

Heng Swee Keat, the Deputy Prime Minister and Finance Minister of Singapore, announced a fresh S$8 billion economic stimuli to combat the ongoing negative impact of the Covid-19 pandemic.

GBP/USD: Yet bulls can be stopped easily below 1.3180

The British pound has rallied a bit during the trading session on Monday, reaching above the 1.31 level.

The US dollar fell hard during the Monday session to kick off the week, as the US dollar continues to lose value overall.

Long-term bullish trend active again

The S&P 500 continues to look bullish, although it is settling down a bit just before attacking the all-time highs.

The Australian dollar rallied significantly during the trading session again on Monday, reaching towards the 0.7250 level before pulling back ever so slightly.

The NASDAQ 100 has broken higher during the trading session on Monday to kick off the week, jumping just above the recent highs.

The Euro broke higher during the trading session on Monday, reaching towards the 1.19 level above.

Silver markets have initially gapped higher during the open on Monday to kick off the week, but then pulled back to find support at the bottom of the gap.

Bitcoin markets have had an explosive day on Monday, breaking through the crucial $12,000 level quite handily and is higher than the recent volume that we have seen in the market.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Monday to start off the week, but it looks as if we are still struggling a bit to break out to the upside.

Gold markets have pulled back a bit initially during the trading session on Monday but then rallied quite significantly.