Forex Daily Forecast, Analysis and Prediction

The EUR/USD rate was in a consolidation phase on Wednesday morning ahead of the upcoming testimony by Jerome Powell, the Federal Reserve Chair.

Bitcoin price jumped to the highest level since May this year as sentiment in the industry improved.

The AUD/USD exchange rate declined after the strong US housing numbers and the latest minutes by the Reserve Bank of Australia (RBA).

My previous GBP/USD signal on 12th June was not triggered as there was no bullish price action when any of the key support levels were reached that day.

Get today's recommendation on the lira against the dollar.

The EUR/USD exchange rate trimmed May's losses in last week's trading, but the rise has already stopped near a stubborn level of technical resistance on the charts.

The GBP/USD exchange rate rose to its highest level in more than a year, with gains that reached the 1.2848 resistance level.

For three consecutive trading sessions, the price of the USD/JPY currency pair stabilized around its recent strong gains.

With the start of this week's trading, the XAU/USD gold price tried to maintain attempts to rebound to the upside, which pushed it towards the resistance level of $1967 an ounce.

Speculative bears in the USD/SGD have had to deal with a reversal higher this morning and the currency pair is now trading around the 1.34215 mark.

The NZD/USD is trading near the 0.61670 mark as of this writing and this value should be double-checked as you read this article to see where the currency pair is traversing in real-time.

The USD/INR initially tried to rally a bit during the session on Monday but gave back gains as we are sitting just above a major trendline against the Indian rupee.

Silver showcased significant volatility during Friday's trading session, which continued into Monday's relatively thin trading conditions.

During Monday's trading session, natural gas markets demonstrated limited activity due to the observance of Juneteenth in the United States.

Gold experienced a slight decline during Monday's trading session, although it is important to note that it coincided with Juneteenth, a major holiday in the United States.