Forex Daily Forecast, Analysis and Prediction

Throughout last week's trading, the EUR/USD attempted to rebound but its gains were limited and failed to surpass the 1.0700 level.

The strong breakout in gold prices in recent months has been noticeable. But the reason is not its rapid vertical rise to impressive record highs.

I continue to watch the British Pound against the Swiss franc overall, as this is a pair that I think could enter the headline soon.

The S&P 500 continues to drift lower overall.

The euro has gone back and forth during the course of the trading session on Friday.

From Tuesday onwards and throughout last week the USD/ZAR hovered mostly above the 19.00000 level.

The bitcoin market has been all over the place during the trading session on Friday.

The USD/MXN quickly recovered its equilibrium and went into the weekend near values it was traversing last Tuesday.

The Australian dollar plunged overnight as we continue to see a lot of US dollar strength in general.

The market is kind of hanging around just above the 11 Norwegian Krona level. And I think at this point, we continue to go sideways.

The US dollar initially plunged overnight against the Japanese yen as the Israelis attacked the Iranians.

The Nasdaq 100 fell rather hard during the early hours on Friday as the Israelis attacked the Iranians and of course you can expect a lot of people ran for cover.

Gold rallied a bit during the trading session on Friday, which is not a huge surprise considering that it's been in an uptrend.

The British Pound initially tried to rally a bit against the US dollar during the trading session on Friday, but then plunged as Israel attacked Iran.

The British pound continued its strong sell-off on Monday morning as all signs pointed to a Bank of England (BoE) rate cut as soon as in its next meeting.