Forex Daily Forecast, Analysis and Prediction

The EUR/USD price continued its bearish trend after a series of hawkish statements by the European Central Bank (ECB) and Federal Reserve officials.

The S&P 500 has broken heart to the downside during the trading session on Friday as Jerome Powell has finally convinced Wall Street, that he is serious about fighting inflation.

The GBP/USD exchange rate is hovering near its lowest level since March 2020 as the US dollar makes a strong comeback.

The NASDAQ 100 got crushed on Friday as Jerome Powell has finally talked the market into believing the fact that he is trying to fight inflation.

Gold markets got hammered during the trading session on Friday after Jerome Powell gave a very hawkish speech at Jackson Hole.

The Aussie stood out last week as the only major currency which ended the week slightly higher than the strong US Dollar.

The best support and resistance levels in major and minor Forex currency pairs for the week ahead commencing 28th August 2022.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 29th, 2022 here.

Start the week of August 28, 2022 with our Forex forecast focusing on major currency pairs here.

The West Texas Intermediate Crude Oil market has pulled back a bit, losing over 2% during the trading session on Thursday.

The USD/CAD initially fell during the trading session on Thursday but found a little bit of support underneath the show signs of life.

The USD/JPY has pulled back just a bit during the trading session on Thursday as we continue to wait for Jerome Powell to bloviate at Jackson Hole, Wyoming on Friday morning.

The S&P 500 E-mini contract has done very little during the training session, as we sit just below the 200 Day EMA.

The NASDAQ 100 did not do too much during the trading session on Thursday, gaining 1%.

The GBP/USD has rallied slightly during the trading session on Thursday, as we are hanging around the 1.18 level.