FxAnalysis

The Euro has gapped a little bit higher to kick off the trading session here on Monday as we continue to look to break out soon.

The Nasdaq 100 in early trading this morning via futures is higher and near the 25,875.00 mark with fast results. It appears that the nervous cloud that has hovered over the index has started to fade.

The US dollar gapped lower against the Japanese yen, continuing the selling pressure that started on Friday, as traders continue to look to the overall “sell America trade”, and the potential “rate check” coming from the Fed on Friday.

Gold prices have surged past the $5,000 per ounce threshold, driven by global market volatility fueling a historic rally.

Bitcoin has been a little bit positive during the trading session on Monday, as traders look to continue to build a base in a potential turnaround. This is a large area that I think will remain very important for the time being.

The GBP/USD exchange rate continued its recent surge and reached its highest level since July last year as the US dollar sunk to the lowest level in four months. It jumped to a high of 1.3730, up sharply from the October low of 1.3016.