Forex Daily Forecast, Analysis and Prediction

The US dollar has broken down a bit during the trading session on Friday, showing signs of weakness yet again.

Silver markets went back and forth during the trading session on Friday, showing signs of exhaustion but have broken above the $19 level, which is an area that has been difficult to deal with for some time.

The West Texas Intermediate Crude Oil market has initially pulled back on Friday to show signs of weakness but turned right back around to form a hammer.

The British pound had an interesting trading session, initially dropping during the day on Friday, and even piercing below the 200 day EMA.

The US Dollar went back and forth during the trading session on Friday, initially breaking to the upside towards the 97 level before pulling back again.

At this point, it should be obvious that the S&P 500 can only go up under most circumstances.

The Euro went back and forth during the trading session on Friday as we tried to figure out where to go next.

The Australian dollar has gone back and forth during the trading session on Friday, forming a bit of a neutral candlestick.

Gold markets have initially tried to rally during the trading session on Friday, but then pulled back a bit to show signs of exhaustion.

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Russia is forecast to contract by 6.0% in 2020 due to the Covid-19 pandemic, the worst decline since 2009.

Norway’s economy recovered in May as the government eased lockdown restrictions, following two months of steep declines.

The US dollar went back and forth during the trading session on Thursday, as we continue to see a lot of noise in this pair.