Forex Daily Forecast, Analysis and Prediction

The US dollar extends its losses against the rest of the major currencies as the SVB repercussions limit the expectations of a US interest rate hike.

The GBP/USD exchange rate has rebounded sharply from its 2023 lows and may rise further in the coming days.

The price of gold extended its gains and the price of copper fell as the collapse of the Silicon Valley bank soured risk sentiment and curbed expectations of further rate hikes by the Federal Reserve.

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized on the rise during its early trading on Tuesday, achieving slight daily gains until the moment of writing this report, by 0.57%.

The Dow Jones Industrial Average fell during its recent trading on intraday levels, recording good losses in a session characterized by extreme volatility by -0.28%.

The USD/SGD is trading near the 1.34840 mark as of this writing with price velocity rather quick for speculative traders willing to wager.

The NZD as of this morning remains within the boundaries of a higher short-term price range.

On Monday, the S&P 500 experienced a brief rally during the trading session but quickly gave back its gains.

The USD/CAD has fallen slightly during the trading session on Monday to kick off the week against most currencies, the Canadian dollar included.

Silver experienced a surge in its trading value on Monday as global interest rates dropped, primarily in the United States.

The US dollar started the week with some negativity, with the US dollar/Japanese yen pair showing a lot of back and forth movements.

Gold markets have surged higher and broken through the crucial $1900 level at the beginning of Monday's trading session.

The EUR/USD started the week with a gap higher, indicating bullish pressure in the trading session.

The WTI Crude Oil market has been struggling as of late, with concerns mounting about the demand for oil in the current economic climate.

The EUR/CHF has drifted a bit lower during the trading session on Monday, as there seems to be a little bit more of a run toward the Swiss franc in general over the last couple of days.