Forex Daily Forecast, Analysis and Prediction

Gold markets have broken down rather significantly at the end of the month of September, as we continue to see a lot of negativity.

The EUR/USD exchange rate was hovering near its lowest level since November last year as investors reflected on the decision by Washington to avoid a government shutdown.

Bitcoin price held quite well on Monday as investors reacted to the actions in Washington during the weekend.

EUR/USD: September Price Velocity Lower and now a Look Ahead

The AUD/USD exchange rate was relatively unchanged on the first trading day of the quarter as traders reflected on the weekend’s intrigues in the US.

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.