Forex Daily Forecast, Analysis and Prediction

The GBP/USD rose above a key resistance level ahead of the upcoming UK employment and American housing starts data.

The USD/MXN is hovering below the 20.00000 juncture as the forex pair has reestablished its long term bearish trend

After testing significant long term lows only one week ago, the USD/ZAR has produced a slight incremental climb higher.

The USD/INR continues to produce downside momentum and is challenging important mid-term support levels within sight of the 73.2000 juncture.

The Singapore Dollar has been affected by important technical and behavioral sentiment which is causing choppy conditions.

The EUR/USD is holding steady as the market continues to focus on the recent economic data from the United States and Europe.

The GBP/USD price will be in the spotlight this week as US inflation concerns linger and the UK publishes several important economic numbers.

The BTC/USD price declined sharply during the weekend as investors continued worrying about high-interest rates and Tether.

The AUD/USD retreated slightly as traders reacted to the falling iron ore prices and the mild economic data from China.

The bitcoin market has rallied slightly during the trading session on Friday, as buyers came in and defended the $50,000 level.

The gold markets initially pulled back during the trading session on Friday but then turned around to reach towards a major downtrend line.

The Australian dollar has bounced significantly during the trading session on Friday as the 50 day EMA has held again.

The S&P 500 rallied quite significantly during the trading session on Friday as we have broken significantly above the 4100 level.

The NASDAQ 100 has rallied significantly during the course of the trading session on Friday to reach towards the 50 day EMA.

The US dollar had rallied a bit, but on Friday has given back that bullish momentum to fall towards the 1.21 handle again.