Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied rather significantly against the South African Rand during the early hours on Monday to reach towards the 18 Rand level.

In my daily analysis of the world’s indices, Paris has caught my attention as we have bounced after we had seen such a massive amount of negative pressure over the previous 4 sessions.

The USD/BRL is not trading within a directly correlated manner to the broad Forex market.

The US dollar has been quietly positive against the Canadian dollar during the early hours on Monday as it looks like we are trying to threaten the 1.36 level.

The USD/SGD pair is traversing values that it has not seen sustained since November and December 2014.

The US dollar has seen a little bit of strength, which makes a certain amount of sense considering that the global economy is a bit questionable at the moment.

The NASDAQ 100 bounced quite a bit during the early hours on Monday as the 18,335 level has offered support.

The West Texas Intermediate Crude Oil market has seen a bit of a drop, only to turn around and show signs of life again.

The New Zealand dollar try to rally in the very early hours of Monday, but then fell apart, as we have seen risk appetite take a bit of a hit in multiple markets.

The first thing I noticed is that the market is running into trouble above the 50 Day EMA.

The gold market has gone back and forth. They're in the trading session on Monday, as we continue to look a bit lost.

The US dollar against the Philippine peso has intention.

The GBP/USD exchange rate retreated for the second consecutive day as the US dollar index (DXY) rebounded.

Bitcoin price rose for the third consecutive day as risk assets rebounded.

The AUD/USD pair retreated below the 50-day moving average as the US dollar index (DXY) made a strong comeback ahead of the US inflation data.