Gold prices settled at $1273.21 an ounce on Friday, suffering a loss of $11.80 on the week, as the U.S. dollar's strength against other currencies weighed on the market.
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Get the NZD/USD Forex signal for May 16, 2016 here.
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Get the USD/JPY Forex signal for May 16, 2016 here.
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Get the GBP/USD Forex signal for May 16, 2016 here.
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Get our daily Forex signal for the EUR/USD pair for Monday, May 16, 2016 here.
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Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of May 16, 2016 here.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 16, 2016.
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Check out the Forex forecast for major currency pairs for the week of May 16, 2016 here.
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This week can be expected to be more important than the previous week, with Central Bank input due concerning the U.S. Dollar on Wednesday as well as the Australian Dollar on Tuesday. Get all the economic calendar events for the week of May 16, 2016 here.
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The USD/JPY pair rose slightly during the course of the day on Thursday as we continue to try to grind our way towards the 110 handle. The AUD/USD pair initially tried to rally during the day on Thursday but turned right back around to form a shooting star.
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The WTI Crude Oil market initially rallied during the course of the session on Thursday but struggled above the $47 handle. Natural gas markets fell slightly during the course of the day on Thursday as we continue to meander just below the $2.20 handle.
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The S&P 500 went back and forth during the course of the session on Thursday, testing the 2060 level for support. The NASDAQ 100 went back and forth as well, as it appears we are essentially circling around the 4350 handle.
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