Forex Daily Forecast, Analysis and Prediction

The Turkish lira's performance against the dollar has declined at the start of this week.

The euro strengthened against the dollar last week.

The opening in the USD/MXN did jump higher but trading since the early gap was created this morning has calmed and the higher realm of 17.84500 did not last long.

The GBP/USD rate began this week's trading, stabilizing around the 1.2973 level, awaiting any new developments.

Since the announcement of U.S. inflation figures falling below all expectations, the USD/JPY exchange rate has been experiencing strong selling pressure.

Gold prices are holding near record levels with growing optimism about interest rate cuts from the U.S. Federal Reserve.

The USD/ZAR exchange rate is near the 18.08225 ratio as of this writing, this after a reversal higher upon opening following the weekend.

It's easy to see that there is plenty of strength in this asset as we have turned around and completely during the session.

It's been quite interesting to see that this market has shot straight up in the air.

I have noticed that the $2,400 level continues to see a lot of interest paid attention to it.

It's easy to see that the buyers have taken over again, as we are well above the €18,650 level.

As former President Trump appears likely to extend his lead in opinion polls, crypto buyers see the prospect of looser regulation and are bullish accordingly. However, the area of resistance beginning at $63,153 looks strong.

It's easy to see that the Aussie dollar has been very strong.

The GBP/USD pair continued its strong rally this week after the strong UK GDP data and the weak US inflation numbers.

The EUR/USD pair rose to an important resistance level as focus now shifts to this week’s European Central Bank (ECB) decision.