Forex Daily Forecast, Analysis and Prediction

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.

The GBP/USD continued to attack new highs towards the end of last week, as the U.K government actually managed to have no major missteps.

Start the week of October 30, 2022 with our Forex forecast focusing on major currency pairs here.

Looking at the British pound, you can see that we have initially tried to rally a bit but have also struggled at the 1.16 level.

The S&P 500 E-mini contract initially tried to rally during the trading session on Thursday but gave back early gain as the mood continues to sour overall.

The NZD/USD has been very noisy during the trading session on Thursday, as the US dollar has been all over the place.