Forex Daily Forecast, Analysis and Prediction

The EUR/USD remained in a tight range on Tuesday morning as investors waited for the upcoming US consumer confidence data and FOMC decision.

The BTC/USD pair retreated to the lowest level in more than a week as last week’s rebound faded.

The AUD/USD price rose to the highest level since June 2022 as the US dollar decline continued.

The Turkish lira fell during the morning trading on Monday as reports showing Erdogan's discussion of the use of the Turkish lira in international payments did not have any positive impact on the price of the lira.

Last week's trading was generally bullish for the EUR/USD currency pair, as the European Central Bank raised interest rates for the first time in 11 years,

At the end of last week's trading, the price of gold settled above the level of $1700 an ounce, and its gains extended to $1,740 an ounce, before closing the week's trading stable around the $1,726 level.

Prior to the closing of last week’s trading, the price of the USD/JPY currency pair was exposed to profit-taking operations that pushed it towards the 135.56 support level on Friday.

Despite the halt in the US dollar's gains, the gains of the GBP/USD currency pair did not exceed the 1.2063 level and settled around the 1.2000 level at the beginning of this important week's trading.

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 1.56%.

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

XRP/USD is traversing important near term lows as this morning; this after the cryptocurrency has not been able to break through persistent resistance.

The USD/ZAR has entered this week of trading near its lows, and is exploring depths not seriously traded since the first week of July.

The S&P 500 fell Friday after initially trying to break above the 4000 level.

The AUD/USD currency pair was all over the place Friday as we reached as high as the 50-day EMA before turning around and showing signs of exhaustion.

The USD/JPY pair initially tried to rally Friday but then fell rather significantly.