Forex Daily Forecast, Analysis and Prediction

The S&P 500 has rallied a bit during the trading session on Monday to kick off the week on the right foot again.

Silver had a brief pullback after opening higher in the futures market on Monday.

During Monday's trading session, the GBP/JPY experienced a slight pullback but found plenty of buyers near the ¥163 level.

The USD/INR is near late January values after a rather strong bearish reversal the past few trading sessions.

My previous signal on 1st March was triggered as none of the key levels were reached during that session.

At the start of Monday, Brett markets experienced a similar pullback to the 50-Day EMA but quickly rebounded, indicating signs of revival.

The GBP/USD exchange rate was muted on Tuesday morning as the focus remained on the upcoming UK budget and Fed Chair statement.

The EUR/USD price rebounded to the highest point in more than two weeks as the US dollar pulled back after an extremely hawkish statement by an ECB official.

The BTC/USD price remained in a tight range as investors looked forward to key economic events scheduled for the next few days.

During last week's trading, the euro's performance was clearly superior at the beginning of the new month, as it responded to another higher jump in German bond

The TRY/USD stabilized during early trading on Thursday morning.

Britain's economic recovery in February was stronger than previously reported, according to the final PMI survey from S&P Global.

The Dow Jones Industrial Average continued to rise during its recent trading on intraday levels, achieving gains for the third day in a row, by 1.17%.

Spot natural gas prices (CFDS ON NATURAL GAS) fell during their early trading on Monday, to incur sharp daily losses until the moment of writing this report by -10.33%.

The US dollar has pulled back a bit during the trading session on Friday, as the 200-Day EMA continues to offer a bit of resistance.