Forex Daily Forecast, Analysis and Prediction

Since the start of this week’s trading, the XAU/USD gold price has been stable around the recent rebound gains, reaching the $1775 resistance level

The price of the TRY/USD stabilized during the early trading today.

Spot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in early trading on Monday, to record slight daily losses until the moment of writing this report.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in its last sessions, by -0.63%.

The West Texas Intermediate Crude Oil market has shown itself to be a bit negative, as we have pulled back from the $90 level.

The S&P 500 pulled back from the 200-Day EMA during the trading session on Monday, as well as the 4000 level.

The Nifty 50 pulled back just a bit after capping higher to kick off the training week.

The NASDAQ 100 has gapped lower to kick off the trading week, showing signs of sluggish behavior.

Gold markets have pulled back just a bit during the trading session on Monday, dipping below the 200-Day EMA before turning around and showing signs of blank again.

The USD/CAD has done very little during the training session on Monday, as we are stabilizing near the 1.3250 level.

The USD/JPY bounced a bit during the trading session on Monday, gaining over 1% as the bloodbath against the yen seems to be abating.

The EUR/USD initially fell during the trading session on Monday, but then turned around to threaten the 200-Day EMA it again.

The GBP/JPY has had a relatively stable trading session against the Japanese yen on Monday, as we are hanging around just below the 50-Day EMA.

The BTC/USD has been all over the place during the trading session on Monday, as we continue to see a lot of rumors around the FTX fallout hit the wires.

Traders of the USD/MXN are likely studying long-term charts as they consider the possible depths the currency pair could explore in the near-term.