Forex Daily Forecast, Analysis and Prediction

For five consecutive trading sessions, the GBP/USD pair has been moving in a very limited and narrow range with a downtrend, and this performance technically foreshadows a strong movement coming in either direction.

A quiet start to the EUR/USD pair in a limited range between the 1.0870 support and the 1.0914 level, despite the announcement of a positive German IFO index reading.

AUD/USD: New 2-month high price

USD/JPY: Weakly bullish with low volatility

Retail demand pushed equity markets into resistance levels, while institutional activity remains subdued, as evidenced in the lack of volume during this bear market rally.

BTC/USD: Price is ranging over the long term

GBP/USD: Price is clearing trend line and 1.2250 so far

EUR/USD: Yet strong long-term resistance in pivotal area above 1.0961

The US dollar went sideways against the Japanese yen during the trading session on Monday, which of course was Memorial Day in the United States

The British pound has rallied slightly during the trading session on Monday, as banks in both countries were closed.

The Euro currently sits around the 1.09 level, as would be expected as the Memorial Day holiday kept a lot of liquidity away from the markets.

The S&P 500 looks as if it is trying to get to the 3000 handle, which is a major round figure that will attract a lot of attention.

The NASDAQ 100 rallied a bit during the session on Monday, but keep in mind that it was Memorial Day, so it really does not matter.

The Australian dollar has rallied a bit during the trading session on Monday in very thin holiday trading as it was Memorial Day in the United States

Silver markets have initially fallen during the trading session on Monday, but then bounced a bit as we would have had a very thin trading session