Forex Daily Forecast, Analysis and Prediction

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.

It looks like it's going to be a very noisy session on Monday,

I find that I think the GBP/CHF currency pair is ready to bounce.

The first thing that I would mention is that it seems like we are trying to stabilize after a brutal sell off.

The first thing I notice is that we have bounced from the 50% Fibonacci retracement level, an area that of course, a lot of people will be paying attention to.

Since breaking down the ascending price channel, bears have created a new bearish channel/wedge pattern which has pushed the price down to a supportive area around $1.0800.