Forex Daily Forecast, Analysis and Prediction

The BTC/USD pair is stuck in a tight range as the market waits for the next catalyst in the crypto industry.

The AUD/USD exchange rate remained in a consolidation phase on Tuesday ahead of the upcoming US consumer confidence data.

After an important and exciting event, the US dollar remained stronger against the rest of the other major currencies, when Jerome Powell returned to confirm that the continued strength of the American economy may require further increases in interest rates.

Despite the strength of the US dollar during last week's trades, the price of gold XAU/USD tried to make gains but stopped around the resistance level of $1923 per ounce.

At the end of last week's trading, the price of the USD/JPY currency pair got a strong positive boost from hints from the officials of the American central bank to continue the pace of raising the American interest rate.

At the end of last week's trading, the pound sterling traded again under an important level of technical support against the dollar.

The S&P 500 faced a challenging day on Thursday, but it appears there's an effort to find stability on Friday as traders await the conclusion of the Jackson Hole speeches.

The USD/JPY has initially tried to rally but has also seen a little bit of a pullback as we wait for the Jackson Hole Symposium speeches.

The gold market initiated an effort to rally during Friday's trading session, yet subsequently relinquished those gains, displaying an aura of uncertainty.

In the West Texas Intermediate (WTI) Crude Oil market, Friday saw a robust rally that could potentially overshadow the influence of Jerome Powell due to a multitude of situational factors.

The AUD/USD exhibited a back-and-forth movement in Friday's trading session, firmly holding onto the 0.64 level.

After falling to lows on Friday that had not been seen since late July, the USD/MXN has again proven that bearish sentiment continues to flourish.

The USD/ZAR sustained lows early this morning that were produced before going into the weekend, as speculators must decide on their next moves.

Silver encountered a minor downturn in Friday's trading session, likely prompted by profit-taking activities that have kicked off.

The natural gas market is poised for noteworthy shifts in the coming months.