Forex Daily Forecast, Analysis and Prediction

During Friday's trading session, natural gas markets experienced a significant rally, reaching new highs and displaying strong bullish potential.

The trading session on Friday witnessed an upswing in the West Texas Intermediate (WTI) Crude Oil market, as it aggressively approached the 50-Day Exponential Moving Average, situated around the $85 mark.

The AUD/USD demonstrated an initial surge during the day, only to encounter some trouble in its upward momentum.

In the early hours of the futures market, the S&P 500 showed signs of rallying, yet as the situation stands, it appears that the index is still grappling with challenges.

The GBP/USD exhibited a roller-coaster performance in the early trading hours on Friday, initially taking a nosedive before displaying resilience and bouncing back.

During the trading session on Friday, gold exhibited a rather tepid performance, maintaining its position around the pivotal $2000 mark.

After making an initial attempt to rally, the euro experienced a notable decline, steering the market towards bearish sentiment.

In the recent trading session, the USD/JPY experienced a notable decline against the Japanese yen, with the ¥150 level emerging as a focal point for market participants.

The GBP/USD exchange rate remained in a tight range in the past few days as traders wait for the upcoming Federal Reserve and Bank of England (BoE) interest rate decisions.

The EUR/USD exchange rate reacted mildly to last week’s European Central Bank (ECB) decision and the latest US PCE inflation numbers.

The AUD/USD pair was under pressure on Monday morning as investors reacted to the ongoing fears in the market.

Bitcoin continues to be strong as ETF approval draws closer.

Stock markets fell this week on expectations of higher US rates, and fears that the war between Hamas and Israel will widen into a full-scale conflict involving other actors, potentially including the USA.

Early trading last week in the EUR/USD saw bullish gains and a high for the month, only to see the currency pair once again get hit by bearish momentum and a return to lower depths.

The GBP/USD closed trading for the week slightly above lows made on Thursday, this as the currency pair continues to struggle with bearish forces.