Forex Daily Forecast, Analysis and Prediction

Breaking below the $70 level in the silver market could be a major problem for the bulls.

The rates in America continue to be a main driver of gold weakness, as the bulk of traders try to simply play the “safety trade.”

The $100 level above continues to be a major resistance barrier for traders to pay close attention to.

Sometimes it is about what a market won't do more than anything else. The fact that we haven’t fallen apart is somewhat surprising.

The 1.16 level continues to see a bit of a ceiling being formed in the pair, as we are seeing the dollar strengthen overall.

The Bitcoin market continues to see a lot of volatility at this point in time, as rates in the US continue to strengthen, and this makes riskier assets a bit difficult to hang onto.

The British pound fell hard on Friday, as traders continue to see a lot of fear in the markets, using the Swiss franc as a safety asset.

The US dollar has dropped slightly against the Loonie on Friday, as we see a lot of noise, due to interest rates rising in the USA, and the oil markets rising simultaneously.

The US dollar has rallied quite significantly on Friday, as traders continue to watch the overall interest rate markets.

The US dollar rose against the Mexican peso, as we continue to see rates rise in the United States.

The GBP/USD exchange rate wavered after the Federal Reserve and the Bank of England (BoE) delivered their interest rate decisions. It dropped to 1.3340, a few points below last week’s high of 1.3470, with investors focusing on key macro data from the UK.

The EUR/USD exchange rate rebounded after last week’s central bank decisions by the Federal Reserve and the ECB. It jumped to 1.1622 from this month's low of 1.1408.

The AUD/USD exchange rate has remained in a narrow range since February. It was trading at 0.7020 on Monday, a few points below the year-to-date high of 0.7180.