Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 Index has rallied quite nicely during the trading session on Monday, breaking above the top of the Friday candlestick.

The Japanese yen has been in the spotlight in the past few days as the replacement of BoJ’s Haruhiko Kuroda became certain.

The GBP/JPY currency pair has shot higher during the trading session on Monday, to kick off the week with a bang.

The GBP/USD exchange rate rose slightly ahead of the upcoming American inflation and UK jobs data.

The EUR/USD price rebounded modestly as the mood in the financial market improved ahead of the important American consumer inflation numbers.

The AUD/USD exchange rate drifted higher even as iron ore prices crashed to the lowest point in a month.

The price of the TRY/USD stabilized after data was released this morning from the Turkish Statistical Office, which showed an increase in retail sales in the country.

The EUR/USD exchange rate moved away from its 10-month highs last week with losses extending to the 1.0670 support level.

At the end of last week's trading, gold futures XAU/USD fell to the level of $1853 per ounce, the lowest price in more than a month.

The choice of the Governor of the Bank of Japan and the American inflation numbers will be the most influential factors on the performance of the USD/JPY currency pair this week.

Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Monday, recording slight daily losses until the moment of writing this report, by -1.50%.

This week's UK wages, and inflation data is likely to support arguments from Bank of England policymakers who want to keep raising interest rates, adding to the fastest rise in borrowing costs in three decades.

The Dow Jones Industrial Average rose in its recent trading on the intraday levels, to achieve gains in its last session by 0.50%.

The S&P 500 rallied just a bit during the trading session on Friday, as it looks like we are trying to get back to the 4100 level.

The NASDAQ 100 has fallen a bit during the trading session on Friday, as it looks like it’s reaching toward the 200-Day EMA.