Forex Daily Forecast, Analysis and Prediction

A stronger US Dollar has sent the price on a short-term downwards trend.

The EUR/USD price pulled back slightly after the relatively weak German economic data.

The BTC/USD pair pulled back slightly as bond yields and the US dollar index (DXY) rose while American stocks pulled back.

The AUD/USD pulled back on Tuesday morning ahead of a busy market as key central banks are set to publish their first decisions of the year.

The Japanese yen outperformed before last weekend and continued to build a growing fan club of bullish followers in recent trading.

At the end of last week's trading, gold futures were stable, with the pressure of the US dollar on the price of the precious metal.

GBP/USD tried to rally after the US Federal Reserve eased its preferred inflation gauge again, but sterling found plenty of willing sellers as the market continued to favor the US currency ahead of this week's interest rate decisions.

An important and fateful trading week awaits the exchange rate of the euro currency pair against the US dollar EUR/USD where both the European Central Bank and the US Federal Reserve Bank will announce their monetary policy decisions ending with the announcement of the US jobs numbers.

Spot natural gas prices (CFDS ON NATURAL GAS) fell during their early trading on Monday.

The Dow Jones Industrial Average continued to rise in its recent trading on intraday levels, achieving gains for the sixth session in a row, by 0.08%.

The Turkish lira recorded new levels of decline during early trading on Monday morning, as it reached its lowest level ever against the dollar before rising slightly.

The USD/CAD has drifted a little bit lower during the trading session on Friday, as the Canadian dollar continues to show strength.

The USD/CHF has rallied a bit during the training session on Friday but continues to struggle to rally.

The S&P 500 rallied during the trading session on Friday again, as traders continue to bet that the Federal Reserve is going to acquiesce and give them cheap money.

The Euro has done very little during the trading session on Friday, as it looks like we are starting to run out of momentum.