Forex Daily Forecast, Analysis and Prediction

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to break with a series of gains that continued for five consecutive sessions.

Short term trading in the USD/MXN has produced slightly consolidated trading.

In early trading this morning the USD/RUB currency pair is near the 60.5000 vicinity and producing a rather solid consolidated price ratio.

The EUR/USD price tilted upwards after the FOMC published minutes of the past meeting.

Bitcoin is gently selling off on deteriorating risk sentiment.

Sterling received support near recent levels against the euro and dollar after new data from the Office for National Statistics showed UK wages were faster than expected in June

The price of gold fell after the largest decline in a month, as investors sought to buy the US dollar, amid increasing signs of an economic slowdown.

Since the start of this week’s trading, the price of the euro currency pair against the US dollar EUR/USD has been subjected to strong selling operations.

Since the start of trading this week, the bulls have been trying to control the performance of the USD/JPY currency pair.

The lira stabilized without changes in the price of the USD/TRY currency pair as the pair is trading within a very narrow range.

Spot natural gas prices continued to rise in recent trading at intraday levels, to achieve new daily gains until the moment of writing this report, by 0.68%.

Breakdown below supportive trend line confluent with resistance.

The Dow Jones Industrial Average Index continued to rise during its recent trading at the intraday levels, to achieve gains for the fifth consecutive day, by 0.71%.

The USD/BRL has displayed ability to move slightly upwards the past day of trading, but technically the forex pair remains within sight of near term support.

The NZD/USD is trading near short term lows in the wake of the Reserve Bank of New Zealand delivering an expected interest rate hike.