Forex Daily Forecast, Analysis and Prediction

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.

The EUR/USD remained steady, showing a touch of negativity in early Friday trading.

The GBP/JPY experienced an initial decline during Friday's trading session but managed to reverse course, indicating a resurgence of activity.

The GBP/USD initially fell during the trading session on Friday but found enough support above the major trend line that it looks like we are ready to try to turn things around.

The GBP/USD exchange rate is hovering near the lowest level since June 13th after the latest statement by Jerome Powell.

The EUR/USD pair reacted mildly to the relatively hawkish statement by Jerome Powell, the Federal Reserve chair, at the Jackson Hole Symposium.

Bitcoin price consolidation continued during the weekend as demand and volatility remained low.

The AUD/USD pair sell-off continued its downward trend as the Australian dollar declined accelerated.

The GBP/USD touched the 1.28000 mark early this week, but went into the weekend below the 1.26000 ratio in a rather volatile handful of days for speculators.

The EUR/USD went lower again last week which may have sounded alarm bells among surprised traders, but perspective is needed.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of August 27th, 2023 here.