Forex Daily Forecast, Analysis and Prediction

During the month of September, we have seen a lot of volatility in the S&P 500, as markets continue to look to the Federal Reserve for some type of directionality.

Gold markets have been absolutely explosive during the month of September, and I do believe that the upward momentum continues.

The Aussie dollar has been somewhat noisy during the trading session on Friday as we continue to attempt a breakout.

The USD/HKD pair is experiencing significant downward pressure.

Although we sold off significantly during the trading session on Friday, we have seen buyers come back into the market and take over the overall momentum.

The NZD/CAD pair is moving quite rapidly.

The British Pound is consolidating against the US Dollar as both currencies remain relatively strong ahead of key US economic data due at the end of this week.

The EUR/SEK pair looks like the euro is going to continue to pay close attention to the 11.25 SEK level.

The West Texas Intermediate Crude Oil market bouncing the way it did during the day on Friday.

The EUR/USD exchange rate remained in a tight range on Monday morning as traders assessed the next actions by the Federal Reserve and the European Central Bank.

Bitcoin price held steady on Monday, and is hovering near its highest point since July 31st as the risk-on sentiment continued.

The AUD/USD currency pair surged to its highest point since February 2023 as key Australian commodities jumped after China unveiled a series of stimulus measures to boost its economy.

The GBP/USD touched values it had not traded since late February of 2022.

Last week saw a continuation of the dominant risk-on rally, with Gold and the S&P 500 Index reaching new all-time highs. The prospect of a regional war in the Middle East may dampen sentiment.

WTI Crude Oil went into this weekend near the 68.570 ratio, this after touching a low of almost 66.900 on Thursday.