Forex Daily Forecast, Analysis and Prediction

The EUR/USD price retreated as concerns about the pace of Fed’s rate hikes continued.

The BTC/USD price pulled back in the overnight session as investors embraced a risk-off sentiment.

The AUD/USD price plunged to the lowest level since November 30th as investors reacted to the latest interest rate decision by the Reserve Bank of Australia (RBA).

The USD/CAD has initially fallen against the Canadian dollar, breaking below the 50-Day EMA.

The S&P 500 has fallen hard during the trading session on Monday, as traders came back to a bit of a mess.

Unlike the rest of the stock markets that I follow, the Nifty 50 has been much more resilient.

The NASDAQ 100 has fallen during the trading session on Monday, showing signs of hesitation near the 12,000 level.

Gold markets initially tried to break above the $1800 level, but then got absolutely hammered during the trading session on Monday.

The West Texas Intermediate Crude Oil initially rallied during trading on Monday, but then gave up a lot of ground almost immediately.

The USD/JPY bounced a bit against the Japanese yen during the trading session on Monday, gaining over 1.5% by the time the Americans came on board.

The GBP/USD has tried to break above the 1.23 level but gave back significant gains to show a bit of hesitation.

The EUR/USD initially rallied during the trading session on Monday, reaching the 1.06 level before turning around.

The BTC/USD initially tried to rally during the day on Monday but continues to find sellers every time it rallies.

Spot natural gas prices (CFDS ON NATURAL GAS) fell in early trading on Monday, to record new daily losses until the moment of writing this report, by -3.21%.

The Dow Jones Industrial Average rose slightly during its recent trading on intraday levels, to achieve slight gains in its last sessions by 0.10%.