Forex Daily Forecast, Analysis and Prediction

USD/INR have just made a major breach of resistance, and it makes a lot of sense that we would continue to go higher.

The Mexican peso of course is an emerging market currency.

Following Monday’s strong risk off move in the markets which sent the price of this currency pair tumbling to a new 8-month low, the price has rebounded strongly today, with risky assets now seen as oversold.

The US dollar has been all over the place against the Canadian dollar.

The GBP/USD exchange rate wavered in the overnight session as investors embraced a risk-off sentiment in the market.

The EUR/USD exchange rate continued rising this week.

Bitcoin and other cryptocurrencies continued their downward trend as a sense of fear continued in the crypto industry.

The British Pound has fallen apart against the Swiss Franc yet again during the trading session on Monday, as we had plunged below the 1.08 level.

The US dollar has plunged against the Japanese yen in trading on Monday as we have now breached the 143 yen level, but it is worth noting that we are at least attempting to recover a bit.

Bitcoin has plunged to kick off the trading week on Monday, but it looks like we are getting a little bit of a bounce in the early hours of American trading.

Gold plunged in the early hours on Monday as we continue to see a lot of volatility in markets overall.

The Turkish Lira fell against the dollar at the start of weekly trading, recording a new record low against the dollar.

Despite the rise in the GBP/USD exchange rate following the shock US jobs report and talk of an emergency rate cut by the Federal Reserve, the bears remain in control.

As risky assets are sold everywhere and money flows into safe havens, this flow factor is keeping the US Dollar strong and the Australian Dollar weak.

At the end of last week’s trading, the euro rose by about 1%, surpassing the resistance level of 1.0926 before closing the week’s trading stable around the level of 1.0910.