Forex Daily Forecast, Analysis and Prediction

The BTC/USD currency pair initially rallied on Monday but turned around to give back those gains and show signs of weakness.

Ethereum markets pulled back just a bit on Monday as we continue to see the $2000 level offer a significant amount of resistance.

The AUD/USD currency pair has dropped rather heavily to kick off the week on Monday, slamming into the 0.70 level.

The EUR/USD price declined sharply as risks of more economic pain in Europe continued.

The BTC/USD price moved sideways and remained above the important support at $24,000 as the recent rebound stalled.

The AUD/USD price pulled back in the overnight session as the market reflected on the strong US dollar, RBA minutes, and signs of weakness in China.

The price of the Turkish lira against the US dollar has stabilized unchanged at the same level for nearly three weeks, which clearly shows the intervention of the Turkish Central Bank in the exchange markets to achieve a kind of balance for the price of the USD/TRY currency pair.

Spot natural gas prices stabilized at an increase in recent trading at intraday levels, to record daily losses until the moment of writing this report, by -1.62%.

Gold futures held above the $1800 level to close out the week, driven by easing inflation expectations and the expectation that the Federal Reserve will focus its tightening efforts.

After sharp selling last week, the USD/JPY currency pair was pushed towards the 131.73 support level.

For three trading sessions in a row, the GBP/USD currency pair is subjected to selling operations, as a result of which it settled around the 1.2105 support level.

With the start of this week's trading, the price of the EUR/USD currency pair completed the downward path, closing last week's trading around the support level 1.0232.

The Dow Jones Industrial Average Index continued to rise during its recent trading at the intraday levels, to achieve gains for the third consecutive day, by 1.27%.

The USD/TRY remains mired within a long term bullish ride upwards, as Turkish economic policy remains mismanaged.

The USD/INR has offered speculators a rather interesting technical opportunity the past week, but conditions remain volatile and can produce sudden surprises.