Forex Daily Forecast, Analysis and Prediction

The GBP/USD continued in a consolidation phase even some analysts predicted that sterling will continue doing well this year.

A break above $0.6550 area would be a bullish sign.

Recent strength in the US dollar has pushed gold prices lower.

At the end of last week's trading, the price of the GBP/USD pair tried to rebound higher to compensate for its losses in the same week.

Trading last week was mostly bullish for the performance of the USD/JPY pair.

The recent rebound attempts for the currency pair EUR/USD did not take it out of the general downward trend.

On Friday of last week the USD/MXN moved to a low of nearly 17.02900.

The USD/ZAR hit a high of nearly 19.19500 on early Wednesday of last week.

The Australian dollar faced considerable downward pressure during Friday's trading session.

Bitcoin exhibited slight positivity during the early hours of Friday.

The crude oil markets showed signs of recovery during Friday's trading session.

Gold has displayed resilience over the past few days.

The NASDAQ 100 displayed a slight bullish trend during the early hours of Friday's trading session.

In Friday's trading session, the euro initially experienced a minor decline but later displayed signs of recovery.

The natural gas market had further declines during Friday's trading session.