Forex Daily Forecast, Analysis and Prediction

Silver experienced a slight rally during the early hours of Friday amidst ongoing market volatility.

The S&P 500 index experienced some initial downward movement during the trading session

The US dollar saw another rally during Friday's trading session, particularly against the Japanese yen.

The AUD/USD pair rose to an important resistance point at 0.6542 on Monday.

Bitcoin price continued its consolidation phase during the weekend as the recent momentum waned.

The GBP/USD exchange rate moved sideways last week as the UK published mixed economic numbers.

Potentially Pivotal Zone around $1.0800.

Upon the higher U.S inflation numbers via the CPI, the GBP/USD abruptly moved lower.

WTI Crude Oil traded near its higher values due to simmering Middle East tensions.

Get the weekly Forex forecast for major currency pairs for the week of February 19-23, 2024 here.

NASDAQ 100 nears 18,000, USD/CAD stabilizes, EUR/USD shows resilience, USD/CHF fluctuates, Silver eyes $26, Bitcoin aims for $55,000, Nikkei 225 stays strong.

The US Dollar has pulled back just a bit during the trading session on Thursday in early hours against the Japanese yen.

The euro has bounced a bit during the early hours on Thursday as we continue to try to find some type of stability.

During the Thursday session we have seen the British pound drop rather significantly against the Swiss franc and at this point in time we are reaching a major inflection point.

The DAX rallied significantly during the trading session on Thursday, only to give back the gains.