Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair gathered momentum during the Asian session as the US dollar index retreated and as investors reacted to mixed UK data.

The Turkish lira traded near its lowest level ever during 2022.

Recently, the monetary policy officials of the European Central Bank increased the talk about the most appropriate time to raise interest rates

Last week’s trading was positive in general for the recovery of the gold price, which moved towards the resistance level of 1858 dollars an ounce at the beginning of this week’s trading.

For two weeks in a row, the USD/JPY currency pair is exposed to profit-taking operations with losses to the 127.02 support level, the lowest in nearly a month.

For five trading sessions in a row, the price of the GBP/USD currency pair is moving amid upward momentum, with gains to the resistance level at 1.2553 at the time of writing

The Dow Jones Industrial Average closed with slight gains during its recent trading at the intraday levels, to achieve small gains in its last sessions, by 0.03%, to add to it about 8.77 points only.

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized in their recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.80%.

The price is looking likely to reach $1.2624.

DOGE/USD has produced a powerful dose of consolidation the past five days of trading, as it has essentially lingered within the 8 cents framework.

SOL/USD occupies the lower realms of its value range still, and has even produced a slight incremental climb higher in the past day which may attract thrill seekers.

The US dollar initially pulled back a bit on Friday but then turned around to show signs of life again near the 1.28 level.

Gold markets went back and forth on Friday as we continue to see a lot of noise in the markets.

The Australian dollar initially tried to rally on Friday but gave back gains rather quickly.

The S&P 500 initially rallied during the futures markets but fell apart quite rapidly.