Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair moved sideways as investors refocused on the upcoming UK consumer and producer inflation data scheduled for Wednesday.

EUR/USD: USD looking to regain ground.

The euro was not very happy with the rebound gains last week after steps and comments by the monetary policy officials of the European Central Bank.

The highlight of the sterling this week will be the release of British inflation data on Wednesday although the retail sales reading on Friday will also be highly anticipated.

The recent profit-taking sell-offs, especially after the US Federal Reserve’s recent announcement, the price of the USD/JPY currency pair did not come out of the general upward trend.

The lira continued to stabilize against the dollar, as weak and mixed movements showed the central Turkish control over the lira's movements through direct or indirect interventions.

Gold futures ended the tumultuous trading week lower as the brunt of the financial market sell-off came on the yellow metal.

A fall in value early this weekend to new long term depths did put AVAX/USD under 14.0000 briefly, a slight reversal higher has occurred but lows remain in sight.

SHIB/USD bounced to short-term highs on Sunday and early this morning, but its move higher has shown signs of a lower trajectory in the past couple of hours.

Ethereum markets did almost nothing on Friday as we continue to see malaise in this market.

Litecoin continues to look vulnerable, although we did gain a minuscule amount Friday.

The West Texas Intermediate Crude Oil market had a rough trading session on Friday as most assets did.

The S&P 500 went back and forth on Friday as we continue to see a lot of volatility in this market.

The NASDAQ 100 rallied ever so slightly heading into the weekend, but at this point it looks as if it is going to continue to see downward pressure.

The price is likely to turn bearish again eventually.