Forex Daily Forecast, Analysis and Prediction

It’s easy to see that the buyers have truly taken over at this point.

The EUR/USD exchange rate wavered on Monday and on Tuesday morning as the impact of last week’s European Central Bank (ECB) decision faded.

Bitcoin price held steady above $67,000 on Tuesday morning as investors focused on the US political events.

The AUD/USD exchange rate continued its downward trend this week as concerns about the Chinese economy continued.

The British Pound is falling again against the US Dollar as it continues to consolidate below the area of resistance at $1.2950, although the price has frequently found support at the round number of $1.2900.

The Turkish Lira stabilized against the dollar at the start of the weekly trading.

Gold futures fell below $2,400 per ounce, ending the trading week as traders took profits ahead of the weekend.

Last week, the USD/JPY continued its decline, reaching the support level of 155.37, the lowest for the pair in a month and a half, continuing a sell-off from the yen's weakest level in 38 years.

The EUR/USD exchange rate didn’t enjoy its strong gains for long last week, which saw it reach the 1.0948 resistance level, its highest in four months.

The pound continues to retreat from recent highs, supported along the way by UK retail sales data that showed a sharp decline in activity in June.

Global financial institutions are likely burning off nervousness as they react to the decision of President Joe Biden not to run for re-election this coming November.

The USD/ZAR has traded higher since last Wednesday and touched the 18.37610 mark on Friday before going into the weekend.

It's obvious to me that there are plenty of buyers out there.

The British Pound has been all over the place against the Japanese Yen as we initially tried to rally, only to turn around and show signs of negativity.

The Swiss franc has been a bit noisy during the course of the trading session on Friday as it looks like we are continuing to stabilize a bit.