Forex Daily Forecast, Analysis and Prediction

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.

The WTI Crude Oil market rallied a bit during the trading session on Wednesday, showing the trend line to be reliable and still in effect.

The US dollar fell initially during the trading session on Wednesday but found enough support underneath to turn things around and form a bit of a hammer.

Gold markets went back and forth during the trading session on Wednesday, as we are testing a major downtrend line.

NZDUSD analysis: weakness in NZD sends pair to multi-month lows

AUD/USD analysis: strong weakness in AUD sends pair to multi-month lows

USD/JPY: Japanese Yen remains broadly strong on trade war fears

Bitcoin consolidates after reaching a 10-month high price.

On Wednesday, May 15, 2019, the markets will be interested in the announcement of the economic calendar data, which usually results in changes in price movements.

Trump's recent comments, which bear the prospect of reconciling with China after lifting tariffs by both on each other’s products, eased investors' fears and helped stop gold price gains to move towards $1293 an ounce after a stronger gain reached to $1303 per ounce.

Weakness of the ZEW Economic Sentiment Index for Germany and the EuroZone Contrary to expectations of improvement, increased the pressure on the Euro

With renewed US-Chinese trade tensions, and with both US dollar and Japanese Yen are considered safe-haven currencies, that helped the USD / JPY break back to the 109.02 support level, the lowest level for more than 3 months,

USDCAD still threatens bullish breakout above 1.3500