Forex Daily Forecast, Analysis and Prediction

The USD/THB pair is so oversold that it is likely that we will sooner or later see some type of bounce.

The reality is that the market continues to see a lot of volatility, but more than anything else, we are seeing a lot of support overall.

The Euro initially rallied during the trading session on Monday, but it looks like it's going to continue to see a lot of issues around the 1.12 level, an area that's been important for some time.

The crude oil market is doing everything it can to possibly stabilize.

The GBP/USD currency pair retreated as geopolitical risks rose and after a relatively hawkish statement by Jerome Powell, the Federal Reserve chair.

The EUR/USD currency pair pulled back as economic data showed that Europe’s inflation was falling faster than expected.

The US dollar gapped lower showing signs of weakness against the Indian rupee right away on Monday but has turned around to fill that gap.

The AUD/USD exchange rate rose for three consecutive days, reaching a high of 0.6942, its highest point since February 2023. It has risen by almost 10% from its lowest point this year.

Bitcoin is not doing much and will not be in focus for most traders looking across a range of asset classes other than cryptocurrencies.

The Parisian 40 fell pretty significantly during the early hours on Monday after initially trying to rally.

Silver pulled back a bit during the course of the trading session on Monday, as we have possibly formed a bit of a double top.

Gold continues to pull back a bit in the early hours on Monday, continuing a move that we had seen on Friday.

The EUR/USD is trading near the 1.11680 mark as of this writing on the last day of September. The month of October is likely to be busy for EUR/USD day traders because volatility will remain part of the landscape.

The USD/INR has returned to the higher known price realms it has frequently occupied since late July of this year and speculators pursuing the currency pair likely are trading in the dark.

The USD/ZAR has produced another month of stronger bearish price action as a more dovish U.S Federal Reserve and optimism regarding the South African government has combined.