Forex Daily Forecast, Analysis and Prediction

We are doing everything we can to reach all-time highs.

Proving behavioral sentiment is often the main factor in Forex, the GBP/USD climbed with rapid capability when U.S Fed Chairman Jerome Powell reiterated what most financial institutions already knew.

On Thursday of last week WTI Crude Oil was trading rather serenely around a low of 72.520, a mark it had traded below on Wednesday, but suddenly the commodity began to traverse higher.

Market Forecast: FTSE 100, USD/CHF, NZD/USD, EUR/USD, Gold, ASX 200.

In my daily analysis of the natural gas markets, it’s obvious that we are still struggling overall, as we have been sideways for a while.

In my daily analysis of the silver market, I can see that the asset has been pummeled during the trading session, after a couple of different Fed speakers have spoken at the Jackson Hole symposium.

In my daily GBP/JPY analysis, the first thing I notice is that the British pound is testing the 200-Day EMA against the Japanese yen.

In my daily analysis of the Dow Jones 30, the first thing I see is that the market does in fact look up little bit stagnant at this point.

In my daily analysis of the dollar against the Swiss franc, it's obvious that we are paying close attention to the 0.85 level, which of course is a large, round, psychologically significant figure.

In my daily analysis of the German index, I can see that the DAX is struggling a bit to continue going higher.

Bitcoin has been somewhat negative during the trading session on Thursday as the 50 day EMA continues to offer a bit of resistance.

In my daily analysis of exotic currencies, the US dollar is very interesting to follow against the Malaysian ringgit as Malaysia, is pretty far out there when it comes to risks, appetite, spectrum.

The British pound has rallied initially during the trading session on Thursday to break above the 1.31 level, but it looks like we are giving back some of the gains.

In my daily analysis of the Aussie dollar against the Japanese yen, the first thing I notice is that the 99 yen level has been a big barrier.

The US Dollar has declined significantly against other major currencies following the release of the minutes from the Federal Reserve's latest meeting, allowing bulls to drive the GBP/USD currency pair towards the resistance level of 1.3120, its highest level since July 2023.