Forex Daily Forecast, Analysis and Prediction

The USD/MXN is near the 17.16230 ratio as of this writing.

The AUD/USD exchange rate plunged hard after the recent economic numbers led many traders to predict that the RBA will diverge on their policies.

Bitcoin price was flat on Monday, continuing a consolidation phase that has been going on in the past few days.

The GBP/USD pair suffered a major reversal after the strong US jobs numbers led to doubts about the next Federal Reserve rate cuts.

May be finding support at $1.0774.

Get the weekly Forex forecast for major currency pairs for the week of February 05-09, 2024 here.

The GBP/USD seemed to be happily trading around its week high on Friday near the 1.27690 ratio.

The price of WTI Crude Oil hit a low of nearly 71.780 on Friday before closing around the 72.310 ratio.

Get the weekly Forex forecast for major currency pairs for the week of February 04-09, 2024 here.

The natural gas market exhibited a slight decline during Thursday's trading session, signaling a prevailing negative sentiment.

Gold witnessed an initial rally during Thursday, but it soon exhibited signs of weakness, currently, it appears that the market is approaching a crucial juncture.

The euro experienced a decline during the trading session on Thursday, briefly falling below the 200-day Exponential Moving Average.

The USD/JPY currency pair initially had a minor retracement during the trading session but subsequently rebounded from the 50-day Exponential Moving Average.

Crude oil markets commenced the Thursday session with a positive trajectory, as they continue to find support near the 50-Day Exponential Moving Average.

The S&P 500 demonstrated a modest rally during Thursday, reflecting the cautious stance of traders in anticipation of the impending NFP announcement set for Friday.