Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market initially pulled back just a bit on Friday but turned around to show signs of life again.

The S&P 500 rallied significantly on Friday as we continue to see more of a “risk-on rally” in the market.

The US dollar kicked off the Friday session by selling off against the Indian rupee but then turned around to recover some of the losses.

The Singapore dollar was strong against the US dollar over the last several days.

The GBP/USD pair maintained its bullish trend as the strong US dollar takes a breather.

The BTC/USD price remained in a tight range as the pair continued to decouple from American stocks.

The AUD/USD pair continued its recovery pace on Monday as investors eye important economic data from Australia.

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The British pound recovered later in the month of May, but it is still a currency that has been very soft overall.

The euro was somewhat bullish towards the end of the month of May, but we are going to continue to see a lot of issues around the world that could cause problems for risk appetite.

Gold markets bounced ever so slightly toward the end of the month for May, and now it looks like we will continue to see a lot of volatility.

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The Japanese index initially pulled back during the session on Thursday but then turned around to show signs of life.

The Australian dollar has gone back and forth during the trading session on Thursday, showing signs of hesitation.