Forex Daily Forecast, Analysis and Prediction

Speculators who like to pursue the USD/BRL will have intriguing decisions to make based on technical factors early today and into tomorrow.

On Thursday and Friday of last week the USD/ZAR traded within sight of the 16.69000 ratio, this after the U.S CPI showed inflation is weakening.

Last week's trading was generally positive for the course of the exchange rate of the euro currency pair against the US dollar, EUR/USD, as it recorded gains.

A strong trading week in which bulls controlled the direction of the gold market, as gold futures rose to their best levels in nine months.

Immediately after the emergence of reports that the Japanese central bank will re-evaluate its monetary policy this week with more stringent steps.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, as we are now slicing through the 50-Day EMA and testing the $80 level.

Very timidly, the GBP/USD moved upwards, with gains that did not exceed the resistance level of 1.2248, its highest level in a month.

Silver initially pulled back a bit during the day on Friday but ended up turning around and showing signs of strength again.

The Nifty 50 has continued to show signs of life as we are currently hanging around the ₹18,000 level.

Gold markets have gone straight up in the air on Friday, as we are now threatening the $1920 level.

The BTC/USD has rallied again during the trading session on Friday, as it looks like we are hell-bent on reaching the $20,000 level.

The USD/JPY exchange rate plunged to a low of 127.82, the lowest point since May last year as investors waited for the upcoming Bank of Japan (BoJ) decision.

The GBP/USD forex price has been in a bullish trend in the past few days as investors reflect on important economic numbers.

The USD/JPY has fallen apart during trading on Friday, just as everything else did.

The AUD/USD pair has been in a strong bullish trend in the past few weeks as the US dollar index (DXY) has plunged.