Forex Daily Forecast, Analysis and Prediction

The GBP/USD price moved sideways on Wednesday as investors continued reacting to the upcoming US inflation data.

The EUR/USD price continued consolidating while US bond yields retreated ahead of the latest American and German inflation data.

The BTC/USD price declined during the overnight session as focus shifted to the upcoming US inflation data and as equities pulled back.

The EUR/USD pair experienced near and far setbacks during last week's trading, but the risk of a long-term rise in US government bond yields would threaten to push it to July lows

At the beginning of this week's trading, gold futures regained the top of the 1,800 US dollars, driven by the weakness of the US dollar and the divergence of Treasury yields.

The GBP/USD exchange rate attracted bid from the market when it dropped near the 1.20 support before the weekend, but it could slide towards or even below that level later this week

The price of the USD/JPY currency pair may remain stable around its recent gains, following the strong US jobs numbers, until the most important event this week is announced.

The price of the Turkish lira stabilized against the US dollar during the early trading today, Tuesday, as the Turkish lira completed its trading in the narrow range in which it has been trading since the beginning of this month, near its lowest levels during 2022.

Spot natural gas prices stabilized at a decrease in the recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.12%.

The Dow Jones Industrial Average rose slightly during its recent trading at the intraday levels, to achieve slight gains in its last sessions, by 0.09%.

The USD/ZAR is trading near short term lows as of this writing and speculators need to take a couple of important potential factors into consideration.

The USD/CAD has packed plenty of price action in the past few days of trading and volatility is likely to continue as ‘fair’ equilibrium is sought.

The NASDAQ 100 Index initially tried to rally Monday but gave back gains as traders are starting to run into a significant amount of technical resistance.

The BTC/USD currency pair rallied a bit Monday as we continue to see quite a bit of buying pressure.

The Ethereum market rallied a bit again during the trading session, but as you can see, we continue to hear a lot of noise just above current pricing.