Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market has initially fallen during the trading session, as there was a lot of concern when it comes to the oversupply and the surprise build with inventory figures.

New Zealand could be declared Covid-19 free in as little as 21 days.

A decisive moment arrives at the 3000 area, which is likely to be the bears’ last chance.

WTI Crude Oil is likely to remain under pressure in June, capped by $34.

Before the announcement of a package of important US economic data today, the USD/JPY is subjected to a downward pressure that pushed it towards the support 107.36 level before settling around the 107.70 level in the beginning of Thursday’s trading.

For the sixth consecutive day, the gold price is moving in a downward correction range.

The risk appetite, with the gradual opening of the British economy, are factors that contributed to the gains of the GBP/USD and reached the 1.2362 resistance and tried to break through during the session yesterday.

For the second day in a row, the EUR/USD continues the bullish correction with stronger gains that pushed it towards the 1.1030 resistance.

The greenback has gone back and forth against the Japanese yen during the trading session on Wednesday as we continue to see the 50 day EMA come into play and cause a lot of back and forth.

The S&P 500 initially broke down during the trading session on Wednesday but then turned around to rally significantly.

The NASDAQ 100 initially tried to rally during the training session on Wednesday before turning around to show signs of extreme weakness.

The Euro rallied significantly during the trading session on Wednesday, and even broke above the 200 day EMA at one point.

Retreat from 3-month high price.

Weakly bullish with low volatility

The British pound pulled back a bit from the 50 day EMA during the trading session on Wednesday as we continue to see the US dollar strength in overall.