Forex Daily Forecast, Analysis and Prediction

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

USDCHF supported at 1.0050 as risk appetite makes a small recovery

GBPUSD flirts with long-term lows as Brexit deadlock remains

EURUSD Analysis: Euro holds up above 1.1200 as a safety asset

The Euro tried to rally again during the trading session on Tuesday, but then broke down significantly to form a bit of a shooting star again.

Bitcoin rallied initially during the trading session on Tuesday, slamming through the $8000 level.

The WTI Crude Oil market rallied slightly during the trading session on Tuesday, showing signs of resiliency again.

The US dollar has rallied a bit during the trading session on Tuesday, wiping out the losses from the Monday session.

The S&P 500 rallied quite significantly during trading on Tuesday, getting the market to reach towards the losses from the previous session on Monday.

Gold markets initially tried to rally again during the day on Tuesday but failed at the downtrend line that I have drawn on the chart.

Get the NZD/USD Forex signal for May 14, 2019 here.