Forex Daily Forecast, Analysis and Prediction

The EUR/GBP rallied a bit during the trading session on Monday, to break into the previous bearish candle that had traders shorting.

The AUD/USD has broken above the 0.70 level, showing signs of strength yet again.

The Japanese yen drifted downwards against the US dollar on Tuesday morning as the market embraced a risk-on sentiment.

The EUR/USD price pulled back ahead of the upcoming European and American flash manufacturing and services PMI numbers.

The forex market has recently been characterized by an extremely weak US dollar, which has dropped against most developed country currencies, including the Aussie.

My previous GBP/USD signal on 17th January was not triggered, as none of the key levels were reached that day.

Last week's trading in its entirety was characterized by bulls dominating the performance of the EUR/USD currency pair.

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

The Dow Jones Industrial Average rose in its recent trading on the intraday levels, to interrupt a series of losses that lasted for three days in a row.

The price of the TRY/USD stabilized against the dollar during early trading this morning, and at the end of last week.

During the continued decline of the US dollar, there was a good opportunity for the GBP/USD pair to move upwards towards the 1.2435 resistance level.

There is no doubt that the recent surprise of the Japanese central bank by keeping its monetary policy unchanged contributed strongly to the pressure on the Japanese yen.

The trading week begins with the bulls dominating the direction of gold, XAU/USD, with gains that reached the $1937 resistance level, the highest for the yellow metal in months.

The USD/JPY rallied a bit during the trading session on Friday, as we have broken above the ¥130 level, but gave that up again.

The GBP/USD pulled back ever so slightly during the trading session on Friday, but then turned right back around to test the 1.24 level.