Forex Daily Forecast, Analysis and Prediction

The AUD/USD has fallen right away during the trading session on Monday but has fought back quite valiantly to show signs of life.

The S&P 500 has done very little during the training session on Monday after initially gapping lower.

The EUR/USD has gone back and forth during trading on Monday, as we continue to see the parity level attract a lot of attention.

The technical picture remains bearish despite deceptive price action on the daily chart suggesting a bullish bounce, and a general weakening of the US Dollar over the short term.

The price of the Turkish lira stabilized against the US dollar during early trading this morning, as the lira continues to trade within a narrow trading range amidst interventions by the Turkish Central Bank to control its price.

The trading week, in which the bulls dominated the direction of the USD/JPY pair, ended with gains, crossing the resistance level of 137.70 and closing stable around the resistance of 137.50.

Gold futures snapped a three-session winning streak on Friday, despite a weaker dollar.

The losses of the GBP/USD pair during last week's trades were the strongest as they fell to the lowest support level of 1.1717 since the collapse of the markets at the height of the 2020 Corona epidemic.

The EUR/USD will decline significantly in 2022.

On the 19th of August the USD/MXN was trading near the 20.27000 ratio which essentially came within sight of resistance, with higher marks achieved in the first week of August.

The USD/ZAR is trading near the 17.00000 level as of this writing, as bullish speculation gets plenty of consideration.

The West Texas Intermediate Crude Oil market has gone back and forth during the day on Friday, showing signs of hesitation and confusion.

The GBP/USD initially tried to rally during the training session on Friday but gave back early gains as Jerome Powell made it abundantly clear that the Federal Reserve was going to remain very tight and continue to focus on inflation, not other economic indicators.

The EUR/USD initially tried to rally during the session on Friday, to break well above the parity level as traders got ready to hear the Jerome Powell speech coming out of Jackson Hole.

The ETH/USD has fallen hard during the trading session on Friday, as Jerome Powell gave his Jackson Hole speech.