Forex Daily Forecast, Analysis and Prediction

The GBP/USD exchange rate will be in the spotlight this week as the geopolitical tensions remain and the Office of National Statistics (ONS) releases key macro data. It was trading at 1.3520, a few points below last week's high of 1.3600.

The EUR/USD pair retreated slightly below the psychological level of 1.1800 as focus remained on the rising tensions between the US and Iran. If dropped to 1.1765, down sharply from this month's high of 1.1850.

The AUD/USD exchange rate pulled back on Monday morning, erasing some of the gains made on Friday when it soared to its highest level since June 2022 as geopolitical tensions eased. The pair was trading at 0.7167 a few points below the year-to-date high of 0.7225.

As rates drop, it looks like Bitcoin is ready to jump.

Given enough time, I think that the gold markets continue to follow bonds and rates.

The US dollar dumped against the Japanese yen on Friday, as traders continue to pay close attention to the interest rate markets.

The NASDAQ 100 jumped on Friday, as we got word that the Iranians are keeping the Strait of Hormuz open as long as the ceasefire exists.

The $80 level in silver being broken to the upside, as the market continues to follow the interest rate markets.

The British pound has been pretty noisy on Friday, as the markets continue to look for a reason to break out of a short-term compression area.

The German DAX jumped quickly on Friday, as the interest rates in Germany dropped.

The euro showed signs of weakness against the Swiss franc on Friday, as the weekend looms large via headlines in the Middle East.

The US dollar fell against the Peso, but turned things around later in the day.

The US dollar is sitting on the crucial 0.78 level against the Swiss franc, an area that remains important.

The GBP/USD finished this past week of trading near the 1.35177 ratio, this after testing a high within the 1.36000 vicinity earlier on Friday.