Forex Daily Forecast, Analysis and Prediction

The Japanese yen continued to decline even after the Bank of Japan showed signs of tightening.

Gold futures started the second half of 2023 with modest gains amid stable US dollar prices.

GBP/USD gave up some of its gains in June by the end of the month, but with technical support emerging around 1.26, it is likely to consolidate between there and a nearby resistance pocket around 1.2850 this week.

The US dollar initially attempted to rally during Monday's session but encountered some resistance, signaling a possible pause in its upward trajectory.

The British pound commenced the trading week on a bullish note, intending to break out to the upside.

The EUR/USD exchange rate entered the new week's trading in full swing near its highest levels in two months.

Silver experienced a slight rally in Monday's trading session, breaking above the 200-Day Exponential Moving Average.

The AUD/USD exchange rate exhibited minimal activity on Monday, reflecting the prevalent noise in the market.

The S&P 500 had a relatively uneventful trading session on Monday, showing minimal movement as it encountered resistance near the 4500 level.

The gold market experienced a temporary decline during Monday's trading session, only to find significant support around the $1915 region, leading to a notable rebound.

The EUR/USD experienced a slight retracement during Monday's trading session, testing the 50-Day Exponential Moving Average once again.

The West Texas Intermediate (WTI) Crude Oil market experienced a challenging trading session on Monday as it struggled to gain momentum beyond the 50-Day Exponential Moving Average.

The GBP/USD encountered a brief pullback during Monday's trading session but quickly rebounded, showcasing signs of vitality.

The GBP/USD price was flat on Tuesday morning in a low-volume environment.

Bitcoin price made a bullish breakout as investors embraced a risk-on sentiment in the market.