Forex Daily Forecast, Analysis and Prediction

Recently, the US dollar exchange rate against other major currencies has remained supported by new warnings from Federal Reserve Chairman Jerome Powell that US interest rates will need to stay at current levels for longer than previously expected.

For three trading sessions in a row, the price of the euro against the US dollar (EUR/USD) is trying to rebound higher, but its gains did not exceed the level of 1.0680.

In the middle of trading this week, gold futures retreated as investors digested the latest remarks from Federal Reserve Chairman Jerome Powell.

Gold and Silver are holding up well despite the generally strong bearish reversals we have just seen in commodity markets.

The downwards momentum in the NZD/USD which has developed over the mid-term cannot be denied.

Small recovery against the greenback after G7 statement.

Bitcoin is about to undergo a transactional halving.

The US dollar pulled back slightly during the trading session on Monday.

The USD initially pulled back against the ZAR during the trading session on Wednesday but has found support below the 19 Rand level in order to get involved.

The US dollar has fallen a bit against the Canadian dollar during the trading session on Wednesday, as we continue to see a lot of volatility.

The British pound has rallied significantly during the early hours on Wednesday but has given back some of the gains.

The US dollar initially pulled back during the trading session on Wednesday but found buyers underneath to continue to pick it up.

The GBP/USD exchange stabilized as the recent sell-off took a breather after the latest UK inflation data and a statement by Andrew Bailey.

The EUR/USD exchange rate recovered slightly on Thursday morning, erasing some of the recent losses.

It was a sea of red in the cryptocurrency market as the countdown to the Bitcoin halving event continued.