Forex Daily Forecast, Analysis and Prediction

Start the week of June 27, 2022 with our Forex forecast focusing on major currency pairs here.

The West Texas Intermediate Crude Oil market has been very noisy on Thursday as we await inventory figures.

Gold markets initially tried to rally on Thursday but gave up gains to show signs of hesitation.

Bitcoin initially tried to rally during the trading session on Thursday but gave back gains yet again.

The S&P 500 has gone back and forth during the trading session on Thursday to show signs of hesitation.

Avalanche rallied a bit during the day on Thursday, as we are above the $17 level again.

The Shiba Inu coin has rallied about 3% during the training session on Thursday as we continue to see the market try to lift itself up off of its back.

The German index has broken significantly lower during the trading session on Thursday as we have sliced through the €13,000 level.

The Nikkei 225 initially tried to rally during the session on Thursday but has given back much of the gain to the ¥26,400 level.

The Euro has fallen during the trading session on Thursday as we continue to go back and forth, with the 1.05 level being a bit of a magnet for price.

The US dollar has fallen from the ¥136 level, reaching below the ¥135 level during the day on Thursday.

The Turkish lira has stabilized as investors follow the efforts of the Turkish government to maintain the stability of the local currency.

Gold futures settled lower, to continue falling to the fourth session in a row. However, with the dollar weakening, the downside for gold was marginal.

The record bullish breakouts of the USD/JPY currency pair do not stop, and reached the resistance level of 136.72, the highest for the currency pair in 24 years.

The Governor of the US Central Bank, Jerome Powell, reiterated his bank's intention to raise the pace of increasing US interest rates at any rates in order to control the bank's goal in US inflation.