Forex Daily Forecast, Analysis and Prediction

The recent signals from the Bank of England about the future of raising interest rates brought the GBP/USD exchange rate more bearish momentum in the past week.

During last week’s trading, the price of the EUR/USD currency pair attempted to rebound to the upside.

The US dollar initially dipped lower to kick off the Friday session against the Canadian dollar but then turned around to show signs of life again.

New lower resistance level at $46,983.

The US dollar has initially dipped just a bit lower to kick off the Friday session against the CAD but then turned around to show signs of life again.

The US dollar has broken below the 4.70 BRL level during trading on Friday, as it continues to fall against a lot of emerging market currencies.

The US dollar has fallen to kick off the trading session on Friday, testing the 14.50 Rand level.

The S&P 500 has fallen a bit during the trading session on Friday to test the 4500 level in the futures market.

The West Texas Intermediate Crude Oil market has fallen a bit during the course of the trading session, reaching the 50 Day EMA during the session.

The AUD/USD pair moved sideways on Monday morning as investors refocused on the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

The EUR/USD pair remained under pressure on Monday morning as investors reflected on the latest American non-farm payrolls (NFP) and the ongoing crisis in Ukraine.

The GBP/USD pair remained rangebound on Monday as investors reacted to the strong American non-farm payrolls (NFP) data and the ongoing crisis in Ukraine.

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