Forex Daily Forecast, Analysis and Prediction

The gold market recently experienced a temporary retreat following a period of bullish pressure, prompting investors to closely examine the recent momentum.

Monday's trading session witnessed a cautious and indecisive movement of the British pound as market participants sought stability amidst ongoing uncertainties.

Early on Monday, the natural gas markets exhibited limited movement as traders absorbed substantial gains achieved on Thursday.

During Monday's trading session, the US dollar experienced a slight pullback, showing signs of noisy behavior.

Monday's trading session witnessed a small rally in the S&P 500, marked by back-and-forth movements towards the upside.

The early trading session on Monday brought a promising rally in the silver market, hinting at potential upward movement.

The Australian dollar experienced a strong rally during the Monday trading session, setting a positive tone for the week ahead.

In Monday's trading session, the British pound experienced a pullback against the Japanese yen, but it remains firmly within a consolidation area.

Amidst a downward correction, the price of the EUR/USD receives the monetary policy decisions of both the European Central Bank and the US Federal Reserve this week.

In the last trading session of last week, the GBP/USD was more stable, after the release of better-than-expected British retail sales data, although a number of analysts believe that the sell-off after the release of British inflation in the middle of the week has not yet been completed.

Last week's trading was generally bullish for the performance of the USD/JPY currency pair, with bullish retracement gains that reached the 141.95 resistance level, and Friday's trading session was the most prominent in the upward retracement path.

Gold losses reached the support level of 1956 dollars an ounce, before prices stabilized around the level of 1965 dollars an ounce, at the time of writing the analysis.

The Turkish lira traded stable against the US dollar during early trading this week.

The USD/MXN is trading near the 16.97500 level as of this writing.

The USD/ZAR as of this writing is near the 18.02100 mark as of this writing.