Forex Daily Forecast, Analysis and Prediction

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.

The AUD/USD price pulled back slightly as traders focused on the upcoming interest rate decision by the Reserve Bank of Australia (RBA) and the Fed.

Crude Oil prices will open this week via the West Texas Intermediate near short term highs.