Forex Daily Forecast, Analysis and Prediction

The GBP/USD price made a bullish breakout as investors reflected on last week’s Federal Reserve decision and the upcoming Bank of England (BoE) meeting.

The AUD/USD pair held steady on Monday morning as the market waited for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

The EUR/USD price remained in a tight range on Monday morning as investors repositioned for the new month.

The USD/INR price dropped to the lowest level since July 11th as investors waited for the upcoming interest rate decision by the Reserve Bank of India (RBI).

The USD/INR will start the month of August near crucial short term support levels, this after achieving record high values in the middle of July.

The USD/ZAR will begin the month of August within a technical middle ground per its one month chart and traders should be ready for choppy conditions to emerge.

After creating a high not seen since 1998 in the USD/JPY in mid-July, the currency finished trading for the month near lows not seen since mid-June.

ETH/USD has been able to sustain gains that it has produced incrementally, increasing support levels and helping to create a rather speculative technical tide of wagers.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 1, 2022 here.

Start the week of August 1, 2022 with our Forex forecast focusing on major currency pairs here.

The gold markets have been drifting for quite some time, reaching down to the crucial $1700 area.

The EUR/USD pair has been on a downward trajectory for some time, as we are threatening parity.

The GBP/USD currency pair has been hanging about the 1.20 level during most of July.

The West Texas Intermediate Crude Oil market was all over the place during July, and I suspect that August probably has more of the same in store for traders.

The S&P 500 rallied a bit heading into the month of August, as we have pierced the 4000 level.