Forex Daily Forecast, Analysis and Prediction

The gold markets have broken down significantly during the trading session on Thursday, but are clearly hanging around the $1700 level

The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Wednesday, as we await some type of decision by OPEC

The Bitcoin market has gone back and forth during the trading session on Wednesday, after initially trying to poke above the $10,000 level on Tuesday.

The NASDAQ 100 continues to elevate to the upside, reaching towards the all-time highs again on Wednesday.

The Euro has extended its gains during a very volatile session on Wednesday, reaching towards the 1.1250 level.

The British pound has rallied rather significantly during the trading session again on Wednesday, piercing the 200 day EMA. However, we have ended up forming a bit of a shooting star and that is a negative sign.

Financial markets extended their disconnect from fundamental reality, primarily driven by retail demand.

The Australian dollar has been all over the place during the trading session on Wednesday, as we approach the 0.70 level.

Norway’s economy is emerging from the depths of the Covid-19 pandemic ahead of the curve.

Yesterday’s May ADP data out of the US showed 2.76 million job losses, well below the 9.00 million predicted.

Australian exports plunged 11.0% in April with imports down 10.0%, resulting in a smaller than forecast decrease in the trade surplus as compared to March.

In recent technical analyzes of the USD/JPY we mentioned that stability in performance within a limited range for several consecutive trading sessions heralds a strong movement in either direction.

This morning’s Indian services PMI for May delivered a disappointing improvement from April’s all-time low.

AUD/USD: Will 0.7000 see end of this bullish run?

After three trading sessions in which the price of gold rose to the $1745 level, the downward correction returned to the $1721 support.