Forex Daily Forecast, Analysis and Prediction

The USD/JPY currency pair has stabilized modestly in recent days as some traders continued to buy the dip.

The EUR/USD pair failed to sustain its gains at the beginning of the week, reaching the resistance level of 1.1008, the highest for the pair since the beginning of 2024.

Gold prices stabilized at the end of last week after a sharp rise in the previous session, as new US economic data eased recession fears, making the safe-haven metal less attractive to investors.

The British pound has risen slightly against the US dollar during Friday trading as we continue to see a lot of noisy behavior.

The US dollar has stabilized a bit during the trading session on Friday against the Mexican peso near the 18.83 level.

The British pound has gone back and forth during the course of the trading session on Friday, showing a little bit of hesitation

The US dollar initially did rally a bit during the trading session on Friday but gave back gains as it looks like a significant amount of resistance is sitting just above.

The CAC Courant initially tried to rally during the trading session on Friday, but we've seen French equities give up some of the gains showing signs of hesitation.

The GBP/USD exchange rate rose for two consecutive days as traders waited for the key US and UK inflation and retail sales data.

It’s obvious that the AUD/USD pair is struggling with the 200-Day EMA, as we have pulled back just a bit.

The BTC/USD pair pulled back and moved below the key support at $60,00.

The AUD/USD pair waivered ahead of key economic data from Australia and the United States.

The first thing I notice is that bitcoin reached the 50-Day EMA but have since collapsed a bit to show signs of weakness.

Although the price is taking its time to move, the technical picture remains basically bullish until we see a deeper bearish retracement.

The first thing I see is that gold initially sold off at the open, but then had people jumping back into the market looking for safety.