Forex Daily Forecast, Analysis and Prediction

SHIB/USD has traded upwards since the 15th of March and has in many respects mirrored the results of the broad cryptocurrency market.

Price holding up for now but seems ready for a downwards turn.

The GBP/USD price moved sideways after the relatively strong American jobs data and the impact of the ongoing crisis in Ukraine.

The next major EUR/USD catalyst will be the upcoming US non-farm payrolls data that comes on Friday. Get today's signal here.

The AUD/USD pair continued its consolidation phase as investors reflected on the latest Australian budget and the upcoming RBA meeting. It is trading at 0.7515, where it has been in the past few days

For the second day in a row, the price of the EUR/USD currency pair is trying to bounce up and get out of the sharp bearish channel that dominates the performance in the recent period.

Gold futures continued their recent losses and closed at their lowest level in 3 weeks, as the price of gold fell to the support level of $ 1890 an ounce.

For the second day in a row, the price of the USD/JPY currency pair is moving within profit-taking operations.

Sterling remained weak against the euro, dollar, and other currencies early this week after Bank of England Governor Andrew Bailey reminded financial markets of what is increasingly an uncertain bank rate outlook.

The buy trade of the recommendation was activated yesterday, and a profit was exited with moving the stop loss point to the entry point and closing half of the contracts.

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at a decline during the recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report,

The Dow Jones Industrial Average continued to rise during its recent trading at the intraday levels, to achieve gains for the fourth consecutive session, by 0.97%, to gain about 338.30 points.

The S&P 500 has spent most of the month rallying in the face of a whole slew of issues.

The West Texas Intermediate Crude Oil market was very noisy during the month of March, so we need to be very cautious about jumping “all in”.

The NASDAQ 100 rallied during March, breaking above the 15,000 level again.