Forex Daily Forecast, Analysis and Prediction

The EUR/USD currency pair rallied ever so slightly Monday as we continue to see a lot of noisy behavior.

The GBP/USD currency pair rallied a bit Monday to break above the 50-day EMA.

The GBP/USD price continued its bullish trend as investors refocused on the upcoming interest rate decision by the Bank of England (BoE).

The EUR/USD pair held steady as the market reflected on the significantly weak data from Europe and the US dollar sell-off.

The BTC/USD price pulled back during the American and Asian sessions as the recent spectacular rally faded.

For two weeks in a row the EUR/USD price tried to bounce higher and get out of the sharp bearish trend that pushed it below the parity price.

Gold futures extended their gains to end the disappointing month of July.

The bulls’ control over the performance of the GBP/USD currency pair last week was remarkable, as the currency pair moved towards the 1.2245 resistance before closing the week’s trading stable

The Turkish lira stabilized near its lowest level this year against the dollar, amid noticeable interventions by the Turkish Central Bank to control the price of the lira against the dollar.

A trading week dominated by bears towards the US dollar pairs, and the price of the US dollar against the Japanese yen (USD/JPY) currency pair moved amid bearish momentum

Spot natural gas prices (CFDS ON NATURAL GAS) resumed their decline in recent trading at intraday levels, to record daily losses until the moment of writing this report, by -4.60%.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the third consecutive day, by 0.97%, to gain about 315.50 points.

Gold markets rallied Friday to close out the week on the good foot.

The US dollar fell a bit Friday, reaching down to the ¥133 level.

The AUD/USD currency pair was all over the place on Friday as we continue to struggle with the 0.70 level.