Forex Daily Forecast, Analysis and Prediction

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

The natural gas market displayed limited activity during the early Thursday session, reflecting a prevailing sense of hesitation.

Gold experienced a decline early on Thursday as downward pressure continued to weigh on the market.

The EUR/USD has exhibited a bullish trend in recent weeks, although its trajectory has become increasingly volatile.

During Thursday's session, the West Texas Intermediate (WTI) and Brent crude oil markets experienced significant declines, primarily due to resistance at the 50-Day Exponential Moving Average (EMA).

The AUD/USD experienced a decline during Thursday's trading session, testing the 200-Day Exponential Moving Average.

During Thursday’s trading session, the USD/JPY experienced a modest rally, indicating sustained upward pressure and a positive outlook for the currency.

The S&P 500 saw a slight decline during Thursday's trading session as traders began to acknowledge the pull of gravity in the markets.

Silver finds itself at the 61.8% Fibonacci retracement level, a key point of interest for many traders.

The GBP/USD had a strong rally at the start of Thursday's trading session, as the upward momentum remained intact.

The GBP/JPY experienced an initial surge during Thursday's trading session, reflecting the upward pressure it has encountered over the past few weeks.

The trading of the TRY/USD stabilized during early trading on Thursday morning.

Despite US Central Bank Governor Jerome Powell's assertion of the possibility of raising US interest rates throughout the year 2023 until inflation is contained

The GBP/USD exchange rate quickly gave back short-term gains in mid-week trading after the Office for National Statistics (ONS) indicated that inflation-taking could leak

BTC/USD is trading above 30,200.00 as of this writing and readers are urged to check this against the market price as they glance at this article.