Forex Daily Forecast, Analysis and Prediction

Since the start of this week's trading, the XAU/USD gold price has attempted to rebound to the upside with gains that reached the $1965 resistance level.

The trading session on Monday saw silver experiencing a slight decline, setting off the week on an unfavorable note.

In Monday's trading session, natural gas markets displayed a modest rally, indicating an attempt to establish a support level within the overall range.

During a turbulent trading session on Monday, gold experienced a temporary dip, only to witness the return of buyers just above the $1960 level once again.

The EUR/USD experienced a slight drift lower during Monday's trading session, with its proximity to the 200-Day EMA capturing the attention of market participants.

During Monday's trading session, the GBP/USD experienced a sharp decline, leading to a selloff from the 1.2550 resistance level once again.

The TRY/USD opened the weekly trading with more losses.

Starting with WTI Crude Oil, the market witnessed an upside gap on Monday following OPEC's decision to cut over 1 million barrels per day.

Traders should remain cognizant of the pair's inherent choppiness and exercise proper position sizing.

During Monday's trading session, the GBP/JPY experienced a slight decline, possibly due to concerns regarding the rapid approach toward the ¥175 level.

The NASDAQ 100 rallied just a bit during the trading session on Monday, reaching above the 14,600 level.

The AUD/USD faced initial downward pressure in Monday's trading session, reflecting global concerns surrounding global economic growth.

The GBP/USD pair remained in a tight range amid a light economic calendar and news week.

The BTC/USD pair crashed hard as concerns about regulations continued.

The AUD/USD rocketed higher on Tuesday after the Reserve Bank of Australia (RBA) delivered a surprise rate hike.