Forex Daily Forecast, Analysis and Prediction

The S&P 500 displayed resilience as it rebounded from earlier losses, indicating a prevailing "buy on the dips" sentiment in the market.

Silver experienced a robust surge in its price during Friday's trading session, hitting a crucial support level in the process.

Over the course of the week, the natural gas market has displayed a lack of significant movement, following last week's breakthrough above the 200-Day EMA.

In the early hours of Friday, the gold market experienced a significant rally, driven by a surge in demand for safe-haven assets.

The EUR/USD is currently grappling with mounting challenges against the US dollar.

The GBP/USD exchange rate has pulled back sharply ahead of a relatively busy week ahead.

The EUR/USD retreated on Monday as geopolitical risks continued rising and as US bond yields continued retreating.

The BTC/USD pair remained in a consolidation phase in the past few days as investors wait for the next key catalyst.

Aussie is poised to benefit if risk-on sentiment strengthens.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of October 15th, 2023 here.

The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

The S&P 500 experienced a tumultuous trading session on Thursday, initially attempting to rally but later retracting gains in response to the release of hotter-than-anticipated Consumer Price Index (CPI) figures.

The gold market experienced a rollercoaster ride during Thursday's trading session, reflecting the unpredictability caused by a surprising surge in the Consumer Price Index (CPI).

The crude oil market demonstrated resilience during Thursday's session, rebounding after filling the gap from earlier in the week.