Forex Daily Forecast, Analysis and Prediction

The USD/MXN has again moved towards lower support, and speculators have another opportunity to wager on the trading range which seemingly endures.

The West Texas Intermediate Crude Oil market did very little during the trading session on Friday, as we have seen a bit of non-volatile trading for a couple of days in a row.

The USD/JPY has rallied quite significantly during the trading session on Friday, showing signs of strength again.

The USD/BRL has gone back and forth during the trading session on Friday as we continue to see a lot of consolidation in this pair.

The AUD/USD has fallen during the trading session on Friday, as we are now threatening to fall below 0.64 level.

The GBP/JPY has broken above the ¥170 level rather significantly during the trading session on Friday, and even broke above the ¥171 level.

The USD/BRL went into the weekend near the 5.2959 level this weekend, before the Brazilian election yesterday which saw Lula da Silva win.

The S&P 500 rallied during the trading section on Friday, as traders start to bet on the idea of a softening Federal Reserve.

The NASDAQ 100 has gained over 4% heading into the weekend, as traders completely ignore signs of inflation.

The EUR/USD tried to rally initially during the trading session on Friday, but it looks as if parity is going to hold as resistance.

The GBP/USD continues to hang around the 1.15 level, as Friday was very quiet.

The BTC/USD has rallied a bit heading into the weekend, showing signs of life again.

The GBP/USD price continued rising as sentiment over Rishi Sunak’s government.

The EUR/USD price pulled back slightly after the latest interest rate decision by the ECB and the strong American PCE data.

The BTC/USD remained in a consolidation phase after staging a strong comeback last week.