Forex Daily Forecast, Analysis and Prediction

The GBP/USD has crawled back in the past few days as the recent US dollar strength took a breather.

The EUR/USD exchange rate remained in a consolidation phase as traders focused on the ongoing war in Israel and its impacts on the market.

My previous BTC/USD signal on 28th September was not triggered as there was no bearish price action when the resistance levels which I had identified were first reached.

The AUD/USD pair rebounded as the US dollar index (DXY) sell-off eased during the American session.

In the event of a breakdown below the recent trading session lows, silver could experience intensified selling pressure, potentially leading to a decline to the $20 level.

Despite the stronger US jobs numbers, the price of the euro currency pair against the US dollar EUR/USD succeeded in closing a bullish weekly

Since the middle of last week's trading, the price of the GBP/USD currency pair has been trying to rebound higher with gains that reached the resistance level of 1.2261.

Gold markets experienced a dose of turbulence during Friday's trading session, initially slipping before displaying signs of resilience amidst ongoing market volatility.

Crude oil markets demonstrated a degree of stability during Friday's trading session, hinting at a possible respite from the recent selling pressure.

The GBP/JPY has emerged as a standout performer against the Japanese yen, with the yen facing consistent selling pressure.

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.