Forex Daily Forecast, Analysis and Prediction

USD/INR: Higher Realms of Price Range Challenged and Traded

USD/ZAR: Nervous Risk Sentiment Seen as October Set to Begin

Likely to find temporary support at the $1.2000 area.

Risk-off sentiment has continued in the market, sending the US Dollar to new long-term highs and stocks lower.

The GBP/USD exchange rate's relentless sell-off gained steam last week as investors moved to the safety of the US dollar.

The EUR/USD exchange rate continued its free-fall as the US dollar rally gained momentum.

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

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of October 1st, 2023 here.

The USD/MXN initially tried to rally during the trading session on Thursday, but the 200-Day EMA just above is causing a bit of a headache.

Silver is currently clinging to the support level at the base of the long-term consolidation area, persistently challenging the $22.50 zone.

The natural gas markets are currently in a state of flux, witnessing a rise of over 1% in a recent Thursday trading session.

Currently, the gold market is navigating through a phase of despair, with the existing conditions being far from favorable.

The EUR/USD experienced a slight rally during Thursday's trading session, a logical response given the market's oversold condition and the bounce from the pivotal 1.05 level.

The USD/JPY experienced a slight decline during Thursday's trading session, indicating a stretched market.

The GBP/USD experienced an initial surge during Thursday's trading session but is already exhibiting signs of reluctance.