Forex Daily Forecast, Analysis and Prediction

The pound continues to retreat from recent highs, supported along the way by UK retail sales data that showed a sharp decline in activity in June.

Global financial institutions are likely burning off nervousness as they react to the decision of President Joe Biden not to run for re-election this coming November.

The USD/ZAR has traded higher since last Wednesday and touched the 18.37610 mark on Friday before going into the weekend.

It's obvious to me that there are plenty of buyers out there.

The British Pound has been all over the place against the Japanese Yen as we initially tried to rally, only to turn around and show signs of negativity.

The Swiss franc has been a bit noisy during the course of the trading session on Friday as it looks like we are continuing to stabilize a bit.

After closing Friday at a record high closing price, the Indian Rupee is threatening to fall to a new all-time low against the US Dollar if the Reserve Bank of India fails to intervene.

It's easy to see that the 50-day EMA has caused a bit of trouble.

It's obvious that we have seen a lot of noise and negativity.

I am paying close attention to the 5500 level for this asset.

It’s hard not to notice that this market continues to suffer at the hands of selling pressure.

I have been paying close attention to an uptrend line that has been important in this index for several months now.

The EUR/GBP pair looks as if it is trying to continue its overall trajectory to the upside.

I am recognizing that we are very close to some type of major break out.

The GBP/USD exchange rate retreated for two straight days as the recent bull run reached its exhaustion levels.