Forex Daily Forecast, Analysis and Prediction

Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of May 19, 2019 here.

As you can see, the United States dollar has rallied rather significantly as this pair fell during trading on Thursday.

Bitcoin markets did initially try to push higher during the trading session on Thursday, but quite frankly I think it’s a good thing that we have fallen a bit.

The S&P 500 had an eventful day on Thursday, reaching towards the 2900 level that failing to break above it.

The US dollar has initially fallen during trading on Thursday but found enough support underneath the turn things around and form a bit of a hammer.

The WTI Crude Oil market rallied during the trading session on Thursday but did give back some of the gains.

Gold markets fell during the trading session on Thursday, as we continue to see a lot of overall volatility in this market.

The resurgence of German economic growth and stability in the Eurozone was offset by the weakness of the ZEW Economic Sentiment Index for Germany and the Eurozone,

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