Forex Daily Forecast, Analysis and Prediction

The Malaysian Ringgit continues to get stronger by the day as it looks like traders are starting to bet on the idea of the Federal Reserve perhaps cutting rates.

The month of July has been a bit negative for the West Texas Intermediate Crude Oil market.

I continue to focus on the $2,400 level as it was a major area of noise in the past.

Silver initially plunged during the early hours on Tuesday again, but then turned around to show signs of life.

It's easy to see that the German index continues to have plenty of buyers on each and every dip

The GBP/USD pair slumped in the overnight session as concerns about the British economy continued as the Fed prepared to deliver its July interest rate decision.

The EUR/USD exchange rate continued falling this week as traders reacted to Tuesday’s vital data from the US and Europe.

Bitcoin retreated on Wednesday morning as concerns that the US might move to liquidate its vast holdings rose.

At the start of this important week's trading, the Japanese yen rose to around 153 yen against the US dollar, after rising more than 2% last week.

The GBP/USD exchange rate may remain under pressure amid a potential UK interest rate cut and Friday’s US jobs report.

The EUR/USD exchange rate is expected to remain under moderate pressure in the coming days, with focus on Eurozone inflation figures ahead of the Fed decision and US wage figures.

Gold price has surpassed the psychological resistance of $2400 per ounce at the beginning of this week's trading, continuing its gains from the previous session

The USD/SGD has produced challenges of lows the past handful of days while maintaining the lower elements of its near-term range.

The USD/BRL closed Monday’s trading near the 5.6158 level, which is certainly within the higher part of its mid and long-term price range.

The first thing that I notice is that we have broken above the top of a couple of daily candlesticks from last week.