Forex Daily Forecast, Analysis and Prediction

Much will depend on US CPI later.

The Australian dollar drifted upwards on Tuesday morning ahead of the upcoming US Consumer Price Index (CPI) data.

The BTC/USD pair retreated in the overnight session even as more institutions embraced cryptocurrencies.

The EUR/USD exchange rate moved sideways on Monday and Tuesday morning ahead of the upcoming US Consumer Price Index (CPI) and US GDP data.

At the end of last week's trading, gold prices (XAU/USD) suffered their first weekly loss in over a month.

The Turkish currency declined during last week's trading, as the dollar pair against the lira recorded new high levels at the end of the week.

Due to coordinated directives from several US Federal Reserve officials, the price of the currency pair EUR/USD faced a bearish weekly close.

The S&P 500 displayed a modest rally during the Friday trading session, as it maintained its position in proximity to the 50-Day EMA.

The silver markets exhibited considerable volatility during Friday's trading session, reflecting the ongoing turbulence that has characterized this precious metal.

The natural gas markets have been quite the rollercoaster ride lately, but it seems like we might be finding some stability along the uptrend line.

During the last trading session on Friday, gold markets dropped slightly which necessitated a closer look at the 50-Day Exponential Moving Average.

The price of the US dollar headed to record its best week against the yen in three months, as the USD/JPY pair jumped towards the 151.60 resistance level.

The EUR/USD experienced a modest rebound in Friday's trading session, finding some support around the 50-Day Exponential Moving Average.

The GBP/USD pair plunged to the support level of 1.2186 on Friday before closing the week's trading around 1.2225.

The USD/MXN experienced fast price velocity on Thursday and Friday of last week, this before going into the weekend only slightly higher compared to the start of trading last week.