Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 initially pulled back on Monday, but then turned around to find buyers yet again.

At the end of trading last week, with the decline in the price of the US dollar.

I have often pointed out and warned that the collapse of the Japanese yen will not last long, despite the USD/JPY having crossed the psychological resistance level of 150.00.

Strong volatility and the absence of a clear direction continue to affect the performance of the GBP/USD currency pair, in light of concerns about the future of political and economic life in Britain.

At the end of last week’s trading, the record US dollar gains were temporarily halted, which allowed the EUR/USD currency pair to rebound higher with gains towards the 0.9870 resistance level, which closed trading stable around it.

Spot natural gas prices (CFDS ON NATURAL GAS) continued their decline in early trading on Thursday.

The Dow Jones Industrial Average jumped in its recent trading at the intraday levels, to achieve sharp gains in its last sessions, by 2.47%, to gain about 748.97 points.

The USD/BRL went into the weekend around the 15.1610 mark and traders should expect a gap upon the currency pair’s opening this morning as always.

The USD/ZAR has opened with slight bullish movement in early trading this morning as global markets continue to display nervousness.

The GBP/USD price rose slightly as the market focused on the political situation in the UK and the rising possibility of a recession in the country.

The EUR/USD price continued recovering as investors refocused on the upcoming interest rate decision by the European Central Bank (ECB).

Bitcoin price remained in a consolidation phase as investors waited for the next catalyst.

The AUD/USD price continued rebounding on Monday as the US dollar retreated and after the relatively strong Chinese economic data.

The Euro has initially pulled back a bit during the trading session on Friday, but then shot much higher as the Bank of Japan has intervened in the Forex markets.

The S&P 500 rallied significantly during the trading session on Friday, as US dollar got clobbered due to the Bank of Japan coming out and shorting the greenback.