Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair bounced back on its final trading day of the month as the market watched the ongoing war between Israel and Hamas.

Bitcoin price moved sideways on Tuesday even as investors moved to relatively risky assets.

The price of the lira stabilized against the US dollar during early trading on Monday morning, with the pair trading near its highest levels ever.

Gold futures prices rose above the psychological resistance level of $2,000 per ounce, affected by fear trading after the escalation of the war in Israel.

During last week's trading, the bulls' attempts to push the EUR/USD pair higher failed, as the gains did not exceed the resistance level of 1.0695.

The pound is making a desperate attempt to defend the temporary support levels it has established against both the euro and the dollar ahead of the BoE.

The USD/BRL provided its speculators this past Friday with a rather dramatic sudden flare of price volatility, perhaps serving as a warning for further rapid movement this week.

The weakness of the Japanese yen in the markets has been continued with the USDJPY reaching the resistance level of 150.77 last week.

The USD/MXN continues to deliver choppy near-term trends which are producing reversals, the latest one being a move lower on Friday after testing higher values on the previous day.

Silver exhibited an initial upward movement in Friday's trading session, only to encounter substantial resistance near the 50-Day Exponential Moving Average, a critical indicator closely monitored by numerous investors.

The GBP/JPY has experienced a slight dip against the Japanese yen during the early trading hours of Friday, maintaining its presence within a familiar trading range.

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.