Forex Daily Forecast, Analysis and Prediction

The US dollar has fallen again during the trading session on Tuesday against the Mexican peso, as we are now breaking through the 18 pesos level.

The AUD/USD has rallied slightly during Wednesday's trading session, but it's more likely an opportunity to sell this pair at the first signs of exhaustion.

The EUR/USD sell-off faded after the second day of Jerome Powell’s testimony in Congress.

Bitcoin and other cryptocurrencies continued retreating as traders embraced a risk-off sentiment after the hawkish Fed statement.

The Australian dollar retreated to the lowest level in months as a divergence between the Federal Reserve and the Reserve Bank of Australia (RBA) emerged.

My previous GBP/USD signal on 27th February may have produced a losing short trade from the bearish pin bar at the resistance level which I had identified at $1.2029.

The Kingdom of Saudi Arabia supports the reserves of the Turkish Central Bank by about five billion dollars

US Central Bank Governor Jerome Powell reaffirmed that the bank is determined to raise US interest rates further in the future until US prices stabilize.

The pound has now tumbled against the dollar for 2023 thanks to the sharp drop in February, and some analysts say further declines below 1.20 are possible over the coming weeks.

The price of gold extended its decline after US Central Bank Governor Jerome Powell said in prepared remarks that the Federal Reserve is ready to increase the pace of raising US interest rates if necessary.

The positive performance of the US dollar currency pair against the Japanese yen USD/JPY culminated yesterday in obtaining a strong and positive momentum for the US dollar.

The Dow Jones Industrial Average slid down during its last trading on intraday levels, to incur sharp losses by -1.72%, to lose about -574.98 points,

Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Wednesday, achieving slight daily gains until the moment of writing this report, by 1.02%.

The British pound experienced a back and forth trading session on Tuesday as it struggled to pick up momentum

Gold markets have been struggling lately, and this Tuesday was no exception.