Forex Daily Forecast, Analysis and Prediction

The USD/ZAR is trading at lows it has not traversed since the 4th of August as early selling activity tries to counter last week’s nervous sentiment.

The USD/MXN initially pulled back during the trading session on Friday against the Mexican peso, testing the 17.50 peso level.

Friday's trading session witnessed natural gas markets stabilizing, leaving traders contemplating the path forward.

The NASDAQ 100 has rallied just a bit during the trading session on Friday to slow the bleeding as it were.

Friday ushered in a noticeable dip in the silver market, casting a veil of uncertainty over traders as they grapple with the market's elusive direction.

Friday ushered in concerns regarding the euro's resilience.

The EUR/USD pair sell-off gained steam ahead of a relatively busy week in the market.

Bitcoin price was flat on Monday morning, continuing a trend that has been going on for the past few weeks.

The Australian dollar continued its downward trend as the USD strength accelerated.

Unclear whether US Dollar weakness will last.

The decline within the EUR/USD continued last week and the 1.07000 level has been penetrated, as USD strength remains abundant.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of September 10th, 2023 here.

The growing consensus that the Fed is done with rate hikes due to US economic data beginning to show a more convincing economic cooling has been called into question, with analysts concerned the US economy is still hot, which would be evidenced by a firm increase in short-term inflation in data to be released this week.

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

The S&P 500 didn't do so great in futures trading, and it seems like there's a lot of "risk behavior" happening in the market.