Forex Daily Forecast, Analysis and Prediction

Check out the Forex signal for the EUR/USD pair here.

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The XAU/USD pair (Gold vs. the American dollar) scored a gain of 1.17% on Monday as the American dollar lost strength after the manufacturing activity data out of the world largest economy disappointed the market.

The WTI Crude Oil markets tried to rally during the session on Monday, but didn’t hang onto the gains as selling pressure intensified.

The EUR/USD pair rose during the session on Monday, proving the 1.35 level to be a supportive as I had anticipated. Whether or not we can go far from here is probably a completely different question, especially considering that the jobs numbers out of America are due on Friday.

The USD/JPY pair fell hard during the session on Monday, as the ISM numbers came out much weaker than anticipated.

The GBP/USD pair fell hard during the session on Monday, as the general “risk off” attitude certainly hit the Forex markets. However, you can see that we stopped for the 1.63 level, an area that has been rather supportive over the last several months.

The GBP/CHF pair fell hard during the session on Monday, slicing through the 50 day moving average yet again. However, with more significant is that we for all the way down to the 1.47 level.

Check out the Forex signal for the USD/JPY pair here.

Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the EUR/USD pair here.

Check out the weekly signal for the AUD/CHF pair here.

Check out how the USD/JPY pair did during the month of January here.

The Eurozone Manufacturing sector improved considerable from November, confirming the euro-area is on the right track to recovery.

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