Forex Daily Forecast, Analysis and Prediction

The British pound has rallied again during the trading session on Monday as it looks like we are threatening the 1.30 level.

The British pound has gone back and forth during the course of the trading session here on Monday as we continue to dance around the 190 yen level.

The CAC Quarante has shown itself to be bullish during the early hours on Monday, but then looks as if it is going to struggle with a 50 day EMA.

The German index has rallied slightly during the trading session here on Monday, as it looks like we are trying to grind towards the 18,650 euro level.

The euro bounced a bit during the early hours on Monday as it looks like the 0.85 level is going to give a little bit of support, especially as the 50 day EMA sits just below all things being equal.

It’s easy to see that the USD/INR currency pair is paying close attention to the 84 Rupee level.

Natural gas looks as if it is continuing to try to fight, perhaps finding enough support to turn things around and rally again.

The USD/JPY currency pair has clearly plunged over the last couple of trading sessions.

Dow Jones 30 has been very bullish in the last week or so.

I can see that silver is still widely supported overall.

The GBP/USD pair’s rally gained steam this week ahead of important statements by Bank of England (BoE) and Federal Reserve officials at the Jackson Hole Symposium.

The EUR/USD exchange rate continued its strong bull run this week and reached a high of 1.1077 as more Fed officials expressed optimism of cuts.

Bitcoin price continued to underperform other assets like stocks as the recent consolidation accelerated.

The AUD/USD pair surge continued in the overnight session as it crossed the key resistance point at 0.6713, its highest swing on May 16th.

The Turkish Lira declined against the US dollar during the beginning of the week's trading.