Forex Daily Forecast, Analysis and Prediction

The Australian dollar retreated after the Reserve Bank of Australia (RBA) delivered its July interest rate decision.

My previous EUR/USD signal on 26th June was not triggered, as the bullish price action took place a bit below the support level identified at $1.0899.

The US dollar recently recovered with positive momentum from expectations of raising US interest rates, causing downward pressure on gold, which retreated to the $1893 support level last Thursday.

It seems that the recent verbal intervention on the part of Japanese officials regarding the deteriorating exchange rate of the Japanese yen did not affect much the current collapse of the Japanese yen's price against the rest of the other major currencies at the end of last week's trading.

The recent weakness in the British pound has raised questions about whether the result of attitude washing is linked to the month-end rebalancing in the forex markets.

At the end of last week's trading, the price of the EUR/USD currency pair tried to rebound to the upside, with gains that affected the resistance level at 1.0931, after it collapsed to the support level at 1.0835.

The exchange rate of the TRY/USD stabilized during early trading on Monday morning, as the Turkish currency maintained its stability for several days after a series of strong declines.

Depending on trading timelines a speculator will perceive Forex conditions depending on their own reality.

Before going into the weekend the USD/ZAR experienced a surge of volatile trading.

The S&P 500 displayed a rally during Friday's trading session, approaching a significant resistance level near 4500.

Natural gas markets experienced a slight bounce during Friday's trading session, finding support from the 50-Day Exponential Moving Average.

Silver encountered a slight decline during Friday's trading session, but it quickly rebounded, displaying signs of resilience.

The West Texas Intermediate Crude Oil and Brent markets have recently rallied, with prices inching towards key levels of resistance.

Gold, renowned for its volatility and status as a symbol of wealth preservation, experienced a significant decline in Friday's trading session.

The EUR/USD experienced a slight decline during Friday's trading session, briefly dipping below the 50-Day Exponential Moving Average.