Forex Daily Forecast, Analysis and Prediction

Recent performance confirms our technical analysis of the pound sterling against the dollar.

The USD/ZAR significantly dropped lower last Tuesday after the publication of U.S inflation data, mirroring many forex pairs, but now a test of its ‘new’ values is being fought.

The S&P 500 market remains firmly in a bullish trend, making it highly probable that the prevailing upward trajectory will persist.

Natural gas markets made an initial attempt at rallying during Friday's trading session but ultimately relinquished those gains as they continued to hug the lower boundary of the recent consolidation range.

Gold experienced a remarkable surge in value during the recent Friday trading session, reaching an impressive $2,000.

The euro's recent trading activity has been marked by uncertainty and fluctuations.

US Dollar remains weak.

The GBP/USD pair continued its recovery on Monday after a relatively busy week for the British pound.

Bitcoin price held quite steady above the key support level at $36,000 as traders waited for the next big catalyst.

The Australian dollar sits at an important resistance level ahead of a relatively muted week with no major economic data.

WTI Crude Oil speculators may have found a rather polite price range last week if they anticipated movements correctly, the week ahead has intriguing considerations on offer.

GBP/USD traders are likely anticipating a rather intriguing week ahead and may feel rather attracted to the potential of additional upside.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of November 19th, 2023 here.

The US Dollar fell strongly this week, following lower than expected inflation data releases in the USA and the UK.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.