Forex Daily Forecast, Analysis and Prediction

It’s obvious that the market has nowhere to be.

It’s obvious that the euro is a little overextended at the moment.

The New Zealand dollar is very positive at the moment.

The Australian dollar has been slightly positive during trading on Tuesday as we continue to see an overall upward pressure in this market that traders have been paying close attention to.

This asset has pulled back from a significant technical indicator in the form of the 200-Day EMA.

The British pound continued its strong rally this week, jumping to its highest point since March 2022.

The EUR/USD exchange rate soared to its highest point since July 2023 as the greenback resumed its downward trend.

The AUD/USD exchange rate stalled at an important level as traders continued reflecting on Jerome Powell’s statement on Friday.

The price of gold rose above $2,525 per ounce at the beginning of trading this week, reaching record levels touched last week after Federal Reserve Chairman

The West Texas Intermediate Crude Oil Market has shot straight up in the air during the trading session here on Monday, as we continue to see a lot of volatility.

The Japanese yen rose above 143.50 yen against the US dollar, hitting a three-week high, as hawkish comments from Bank of Japan Governor Kazuo Ueda contrasted

The British Pound reached its highest levels in two years at the end of last week, supported by the Federal Reserve's commitment to cutting US interest rates

Following comments from Federal Reserve Chairman Jerome Powell regarding the possibility of an imminent cut in US interest rates, the EUR/USD currency pair

The USD/RUB pair is trading near the 91.4800 ratio as of this writing with fluctuations persisting in a rather well known price range.

The USD/BRL pair closed Monday’s trading near the 5.4960 ratio. A low around the 5.4715 vicinity was seen earlier in the day.