Forex Daily Forecast, Analysis and Prediction

The US Dollar gains ended which helped to revive the price of gold

The US dollar rose alongside Treasury yields and stock markets fell after the US reported a surprisingly strong September jobs report.

The GBP/USD experienced a turbulent trading session on Friday, initially declining and further reacting to the Non-Farm Payroll announcement.

The USD/ZAR has come off its high-water marks hit on Thursday and Friday of last week, but the currency pair remains within the upper elements of its mid-term price range.

The USD/MXN powered higher last week and has hit values not seen since late March of this year, leaving the door open for speculators to wager on direction.

The USD/JPY experienced a significant rally during Friday's trading session, largely propelled by the prevailing interest rate dynamics in the financial markets.

The S&P 500 embarked on a turbulent trading session, initially attempting a rally, only to face a significant decline that pushed it below the 200-Day Exponential Moving Average.

Natural gas markets have maintained their upward momentum, recording another rally during Friday's trading session.

The EUR/USD started on Friday with an attempt to rally, only to falter, revealing signs of vulnerability yet again.

The AUD/USD experienced a roller-coaster ride during Friday's trading session, leaving investors puzzled about its future trajectory.

The GBP/USD exchange rate has bounced back in the past three days as the recent sell-off takes a breather.

Bitcoin price has done well in the past two weeks even as risks in the financial market continued.

The AUD/USD exchange rate rebounded sharply as the US dollar index (DXY) retreated.

Stock markets rose this week despite turbulence in the bond markets and expectations of higher US rates, while the US Dollar ended the week almost unchanged.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of October 8th, 2023 here.