Forex Daily Forecast, Analysis and Prediction

Explore the bullish trend of GBP/JPY amid market volatility. Learn why traders favor the British pound over the Japanese yen and the key levels to watch.

The GBP/USD pair retreated on Monday morning ahead of key events from the UK.

Bitcoin price remained under pressure on Monday morning as the recent bullish momentum faded.

The AUD/USD pair retreated after last week’s hawkish Federal Reserve decision.

French opinion polls suggest far right increasing lead.

Weekly Market Forecast: Key pairs in focus include Bitcoin, WTI Crude, AUD/USD, NASDAQ 100, EUR/GBP, USD/CAD, GBP/USD, and CAC 40. Trade smart, stay updated!

WTI Crude Oil traded higher last week and finished near the 78.440 USD price going into the weekend, the commodity extended gains which essentially started on the 4th of June.

Since the 7th of June the EUR/USD has seen volatility spike as its price range has whipsawed and created dangerous trading conditions for the currency pair’s speculators.

Last week saw stocks advance on lower US CPI data despite a still-cautious Fed, while the Forex market is dominated by a weak Euro and Japanese Yen.

The Australian Stock Exchange has been very noisy as of late, as we continue to hang around the 7700 Australian dollars level.

The greenback continues to levitate against the Japanese yen as we head towards a Bank of Japan meeting during the early hours on Friday.

The United States dollar continues to find support against the Swiss franc, despite the fact that the PPI numbers in the early hours on Thursday were complete miss.

Bitcoin has fallen just a bit during the early trading session on Thursday but it appears that we continue to hang on to the $67,000 level.

The US dollar has been all over the place during the trading session on Thursday as the PPI numbers came out weaker than anticipated.

The German index fell rather hard during the trading session on Thursday as we plunged towards the 18,250 euro level.