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Forex Daily Analysis and Prediction- Forex Daily Forecast
Forex Daily Forecast, Analysis and Prediction
The EUR/USD exchange rate experienced volatile trading ahead of last weekend after the US Federal Reserve's (Fed) preferred inflation measure confirmed the continuation of stubbornly rising price
By the end of last week's trading, the XAU/USD gold price retreated from its session high at around $1957 an ounce, to trade at around $1937
Speculators lifted their bearish stance on the Japanese yen to the highest level in nearly a year as the currency extended its slide against the dollar as markets boosted
The TRY/USD stabilized during early trading today, Monday, after the Turkish lira recorded its lowest level ever against the US currency last Friday, a day after the Turkish Central Bank fixed the interest rate unchanged at 8.5%.
In light of a holiday in most markets, quiet or almost non-existent movements are expected for the price path of the GBP/USD currency pair.
Since touching a high of 18.00000 on last Tuesday, the USD/MXN has broken away from many other major currency pairs and actually been able to trigger its long-term bearish trend again.
The value of the USD/ZAR as of this writing is nearly 19.67000 this morning.
The USD/JPY began Friday's trading session with a decline but quickly found support, attracting eager traders looking to join the upward momentum.
The S&P 500 experienced a modest rally during Friday's trading session, again challenging the tight range that has characterized recent market activity.
The NASDAQ 100 shot straight up in the air on Friday, as we have now broken above the psychologically important 14,000 level.
The EUR/USD experienced some gains during Friday's trading session, only to face selling pressure later in the day.
The GBP/USD exhibited some signs of a rally during Friday's trading session, but the market remained plagued by volatile and unpredictable behavior.
The EUR/USD exchange rate retreated on Monday morning as the market reflected on the debt ceiling progress in the United States.
The BTC/USD pair drifted upwards during the weekend after it dropped to a low of 25,917 during the weekend.
The AUD/USD pair continued falling after the relatively strong US PCE data and the positive outlook on the debt ceiling issue.