Forex Daily Forecast, Analysis and Prediction

The GBP/USD price moved sideways ahead of the upcoming UK GDP data.

The EUR/USD price continued dropping in the overnight session as traders waited for the upcoming FOMC minutes.

The BTC/USD price remained in a tight range on Wednesday morning as the US dollar index continued rising.

The Turkish lira recorded slight declines during the early trading, reaching its lowest level ever, despite the positive data for the second day in a row.

The Dow Jones Industrial Average continued to decline in its recent trading at the intraday levels, to record new losses in its last sessions.

Spot natural gas prices (CFDS ON NATURAL GAS) declined during the recent trading at the intraday levels.

The USD/INR continues to produce record breaking values, this as strong interest rate rhetoric from the U.S Federal Reserve persists.

The EUR/USD exchange rate has entered the new week's trading in full swing in a bearish market.

GBP/USD charted a line below its losses in late September and could now look to consolidate its grip on the 1.10 support level recently recovered this week.

The USD/ZAR remains within its higher valued price range, and speculators now face a decision regarding short term direction as Forex markets remains nervous.

The USD/JPY currency pair moved towards the resistance level of 145.80, its highest in 24 years, the same level as Japan intervened in the markets

XAU/USD gold prices fell sharply at the beginning of this week’s trading, as prices fell from the $1700 resistance to the $1665 support level an ounce.

The USD/JPY has rallied a bit during the trading session on Monday, reaching the ¥145.75 level, an area that the Bank of Japan intervened at previously.

The GBP/USD had been following a downward trajectory of the last week or so, but it did stall a bit at the 1.10 level during trading on Monday, showing that there might be the slightest hint of support.

The EUR/USD has fallen again during the trading session on Monday as we continue to drift lower.