Forex Daily Forecast, Analysis and Prediction

The GBP/USD rally stalled ahead of a pivotal week for sterling and UK markets.

The EUR/USD price held steady as the US dollar retreat continued.

The AUD/USD price continued rising as the market waited for the upcoming meeting between Xi Jinping and Anthony Albanese.

Bearish environment but medium-term direction looks uncertain.

The USD/JPY has a long history of creating what can be described as sincere trends in value.

The British economy contracted - 0.2% in the third quarter, the first decline in 18 months.

Yellen has consistently signaled her support for the Fed's moves to bring down the worst bout of inflation in 40 years.

What the Fed does in terms of rates is critical to Wall Street because rallies slow the economy and can cause a recession, all while lowering stock prices.

Spot natural gas prices (CFDS ON NATURAL GAS) rose in early trading on Monday, to achieve daily gains until the moment of writing this report, by 5.75%.

The Dow Jones Industrial Average rose slightly during its recent trading at the intraday levels, to achieve slight gains in its last sessions, by 0.10%.

The TRY/USD continued to stabilize with the opening of trading of the week.

Before the USD/BRL opens for trading this Monday, the price of the currency pair went into the weekend near the 5.3250 ratio.

The USD/ZAR as of this morning is near the 17.29000 ratio with solid price action flourishing.

The West Texas Intermediate Crude Oil market has rallied to reach the $89 level on Friday, as we continue to dance around the 50-Day EMA.

The S&P 500 has rallied on Friday to break toward the 4000 level, an area that I think it makes a lot of sense that we would target based upon the fact that it is a large, round, psychologically significant figure.