Forex Daily Forecast, Analysis and Prediction

At the end of last week's trading, gold futures XAU/USD fell to the level of $1853 per ounce, the lowest price in more than a month.

The choice of the Governor of the Bank of Japan and the American inflation numbers will be the most influential factors on the performance of the USD/JPY currency pair this week.

Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Monday, recording slight daily losses until the moment of writing this report, by -1.50%.

This week's UK wages, and inflation data is likely to support arguments from Bank of England policymakers who want to keep raising interest rates, adding to the fastest rise in borrowing costs in three decades.

The Dow Jones Industrial Average rose in its recent trading on the intraday levels, to achieve gains in its last session by 0.50%.

The S&P 500 rallied just a bit during the trading session on Friday, as it looks like we are trying to get back to the 4100 level.

The NASDAQ 100 has fallen a bit during the trading session on Friday, as it looks like it’s reaching toward the 200-Day EMA.

The USD/JPY is near the 132.690 ratios as of this writing as it traverses within the higher realms of its near-term price range.

The USD/ZAR traded near the 18.00000 ratios early this morning and has surpassed a high last seen on the 1st of December near the 17.95600 mark.

Ethereum has fallen a bit during the trading session on Friday, breaking through the bottom part of a rectangle.

Silver has rallied a bit during the trading session on Friday, but has given back the gains to show signs of exhaustion.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, as we have threatened the $80 level.

My previous USD/JPY signal on 1st February was not triggered, as there was no bullish price action when the support levels which I had identified at ¥129.41 and ¥128.88 were first reached that day.

The USD/JPY has initially fallen a bit during the session on Friday, but it certainly looks as if it is going to continue to fight against the Japanese yen, and therefore I think we’ve got a situation where we may be building up a base.

The USD/CHF pulled back just a bit during the trading session on Friday, only to turn around and show signs of life again.