Forex Daily Forecast, Analysis and Prediction

US retail sales fell more than expected, negatively impacting the US dollar.

A final and formal agreement that ends the trade dispute between the United States and China will continue to be a factor contributing to stronger gains in gold prices,

On Thursday, May 16, 2019, the markets will be focused on the announcements from the economic calendar data, which usually results in changes in price movements.

NZDUSD analysis: NZD threatens bullish break above bearish price channel

AUDUSD analysis: strong weakness in AUD sends pair to new multi-month lows

USDJPY: Japanese Yen remains strong but may be topping out

Bitcoin makes another 10-month high price

USDCAD bulls still failing near 1.3500

USDCHF supported above 1.0050 as risk appetite made a small recovery

GBPUSD close to 3-month low as Brexit deadlock remains

EURUSD Analysis: Bearish below resistance at 1.1225

The Euro went back and forth during the trading session on Wednesday, as we continue to dance around the 1.12 handle.

Bitcoin markets rallied again during the trading session on Wednesday, but at this point we are getting away overextended.

The US dollar initially tried to rally against the Mexican peso but then slammed into a major downtrend line yet again, and yet again we have seen that downtrend line hold.

The S&P 500 initially fell during trading on Wednesday but found enough support again towards the 2800 level to turn around of form a nice-looking hammer.