Forex Daily Forecast, Analysis and Prediction

Friday's trading session witnessed the US dollar's initial decline, potentially reflecting a precautionary stance in anticipation of the impending jobs report.

The AUD/USD kicked off Friday's trading session with a bid to rally yet grappled persistently with the formidable hurdle presented by the 0.65 level.

The natural gas market embarked on a curious trajectory as Friday's trading session unfolded—starting with a modest rise followed by a swift downturn.

Gold markets experienced a notable uptick during Friday's session following the release of the Non-Farm Payrolls report.

The EUR/USD retreated sharply after the US published mixed non-farm payrolls (NFP) data on Friday.

Bitcoin suffered a harsh reversal last week after a series of major ETF-related events.

The AUD/USD exchange rate tilted downwards on Monday as traders repositioned for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

The growing consensus that the Fed is done with rate hikes due to US economic data beginning to show a more convincing economic cooling, risk assets are enjoying a rise, while relative strength in the US Dollar persists.

The EUR/USD went into this weekend once again testing new lows, and bullish traders who have been pursuing upwards momentum continue to be treated with tough conditions.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of September 3rd, 2023 here.

The GBP/USD went into the weekend within sight of its low for the week, as nervous trading remained abundant, setting up the potential of an intriguing week ahead.

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

The USD/JPY embarked on a mild descent during Thursday's trading session, a trajectory attributed to the anticipated release of the PCE numbers.

Following the release of the anticipated PCE numbers, the S&P 500 index has maintained a modest yet discernible upward momentum.

The EUR/USD has recently undergone a retracement, stepping back from its position adjacent to the 50-Day Exponential Moving Average, and this shift has brought forth signs of hesitation.