Forex Daily Forecast, Analysis and Prediction

The British pound had a very volatile session during the Friday trading hours as we had broken above the 50 day EMA but gave back the gains.

The silver markets have rallied significantly during the trading session on Friday, breaking above the $18 level.

The WTI Crude Oil market has rallied after initially breaking down during the session on Friday.

The bitcoin markets initially rally during the trading session on Friday but gave back the gains as we are starting to form a symmetrical triangle.

Gold markets have rallied significantly during the trading session on Friday, breaking above the top of the shooting star from the Thursday session.

India, home to Asia third-largest economy, was slowing before the outbreak of the Covid-19 pandemic forced a nationwide lockdown.

US President Trump announced he instructed his government to revoke all special considerations for Hong Kong after China passed a new security law governing its semi-autonomous regions.

New Zealand’s Finance Minister Robertson is defending his government's response to the Covid-19 pandemic.

Monthly chart suggests trend change from bearish to bullish

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 31, 2020.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of 31 may, 2020 here.

The DAX Index has come off short term highs made early last week but is still enjoying the fruits of a solid trend upwards since hitting lows near 8,500.000 mid-March.

Get the weekly Forex forecast for major currency pairs for the week of May 31, 2020 here.

Canadian companies are creating new jobs to comply with government-mandated Covid-19 protocols to allow a gradual resumption of economic activity.

An external member of the Bank of England’s Monetary Policy Committee, Michael Saunders, who voted for an unsuccessful expansion of the bond-buying program.