Forex Daily Forecast, Analysis and Prediction

The US dollar initially tried to rally a bit during the trading session on Monday, but as the session dragged on, we started to see the Singapore dollar strengthen.

The Swiss franc has rallied again during the trading session on Monday as we continue to see a lot of negativity when it comes to the Japanese yen.

The US dollar has rallied a bit against the Canadian dollar during the trading session on Monday.

Silver fell initially during the trading session on Monday only to turn on the show signs of life again.

The British pound initially pulled back a bit against the US dollar in the early hours on Monday but has since really started to take off to the upside.

The DAX initially rallied during the trading session on Monday, but then melted down.

The Parisian CAC 40 has initially tried to rally during the early hours on Monday but has given back up the gains rather quickly.

The EUR/USD exchange rate surged above a key resistance level and reached its highest point since March 21st as the US dollar slumped.

Move mostly driven by US Dollar decline.

Bitcoin price rose slightly this week after the relatively weak US manufacturing PMI numbers and as risky assets rebounded.

The AUD/USD exchange rate rose for three days straight.

The USD/TRY currency pair stabilized at the beginning of this week's trading.

At the end of last week's trading, the Japanese yen stabilized against the US dollar after Japan confirmed that the government intervened in the forex market for the first time since 2022.

Gold futures were little changed to end the shortened trading week due to the US holiday, as financial markets seemingly ignored the latest US inflation report.

Recently, risk appetite has been on the rise following the latest US inflation data while the US dollar has lost ground.