Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair has pulled back in the past few days as the US dollar crawls back and as investors wait for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

The GBP/USD pair is hovering near its lowest level since May 20th after the positive data from the UK.

The BTC/USD price is still in a consolidation phase as investors focus on the new developments in the industry.

Start the week of June 6, 2022 with our Forex forecast focusing on major currency pairs here.

The Euro recovered quite nicely during the Thursday session, to break to the resistance barrier yet again.

The British pound has rallied right back into a major resistance area against the US dollar during trading on Thursday.

The West Texas Intermediate Crude Oil market has fallen rather hard on Thursday, but turned around to show signs of life just above the $110 level.

The S&P 500 has rallied significantly during the trading session on Thursday to show signs of bullish pressure yet again.

The US dollar initially fell during the trading session on Thursday but found buyers underneath to show signs of life yet again.

The Australian dollar has rallied significantly on Thursday to pressure a major selloff level that has been crucial more than once for the market.

Cardano rallied ever so slightly during the trading session on Thursday but has found the $0.60 level to be a bit too much to get above.

Ethereum has done nothing during the trading session on Thursday as we hang around the $1800 level.

Will markets have rallied rather significantly during the trading session on Thursday as we have reached the $1870 level.

Bitcoin had a very quiet trading session on Thursday as we continue to hang around the $30,000 level.

For the second day in a row, the price of gold is trying to resist the strong US dollar. The price of gold settled around the level of 1852 dollars an ounce at the time of writing the analysis.