Forex Daily Forecast, Analysis and Prediction

Dear my daily analysis of the USD/JPY pair, the market has shown itself to be rather flat, which is not overly surprising.

In my daily analysis of exotic currency pairs, the USD/MYR currency pair has caught my attention due to the fact that we have a fairly significant technical set up.

In my daily analysis of the EUR/USD pair, it looks like the euro is simply treading water, just below the crucial 1.05 level.

The USD/ZAR surged to a high of around 18.22184 early this morning as USD centric strength shook the global Forex market when reports circulated President-elect Trump is intent on a tariff strategy.

The GBP/USD exchange rate continued its downtrend even as the US dollar index (DXY) dropped ahead of the Federal Reserve minutes and the consumer confidence data.

The AUD/USD exchange rate remained under pressure in the past few weeks ahead of the Federal Reserve minutes, consumer confidence, and PCE inflation data.

The BTC/USD pair retreated to 95,000 in the overnight session, ending the recent strong rally. Bitcoin price was trading at $95,000, down from the year-to-date high of $99,800.

The US Dollar again seems to be running out of strength after getting a boost from Trump’s tariff announcement. Direction here looks difficult to predict.

USD/TRY stabilizes near 34.50 amid expectations of Turkish monetary easing, inflation challenges, and technical support from an upward trendline.

The continued strength of the US dollar since Trump's victory has been supporting the downward trend of the GBP/USD currency pair, which recently plunged to the support level of 1.2487, the pair's lowest in six months.

Despite risk aversion among investors, the US dollar remains more attractive to buy than the Japanese yen, even though both currencies are among the most important safe havens in times of uncertainty.

At the beginning of this week's trading, the EUR/USD currency pair is expected to stabilize around its recent losses, which extended to the support level of 1.0332 last week.

Recently, gold prices recorded one of their strongest weekly gains in years. By the end of trading on last Friday's session, the gold price index jumped to the resistance level of $2715 per ounce from $2668 per ounce in the same trading session.

The US dollar's rise against the Mexican peso signals economic trends, migration dynamics, and potential policy shifts, with a key focus on the 21 MXN level.

The US dollar rallied significantly during the early hours of Friday, breaking to the upside and reaching a new high.