The AUD/USD pair has drifted a bit lower during the course of the last several weeks, but I believe that we are more than likely going to see a bit of a bounce from here as we are probably oversold at this point in time.
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The EUR/JPY pair has had a very bumpy last couple of months, and I don’t know that is going to change anytime soon.
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The USD/CAD pair has been one of the more interesting ones to pay attention to lately, because we have seen so much in the way of volatility when it comes to the crude oil markets.
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Get the NZD/USD Forex signal for May 31, 2016 here.
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Get the AUD/USD Forex signal for May 31, 2016 here.
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Get the USD/JPY Forex signal for May 31, 2016 here.
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The EUR/USD pair rose slightly during the course of the day on Monday, but you have to keep in mind that there are would be a lack of liquidity due to the fact that the Americans were away celebrating Memorial Day.
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The S&P 500 of course was closed during the Monday session as it was the Memorial Day holiday in America, but the CFD markets gapped higher and as a result it looks as if the buyers are still very much in control of this market.
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The WTI Crude Oil market was very quiet during the session on Monday as Americans celebrated Memorial Day. Natural gas markets did very little during the session as well, simply because the Americans are by far the biggest traders of this commodity.
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The USD/JPY pair initially rallied during the session on Monday, which of course would of been a little bit thin due to the fact that the Americans were celebrating Memorial Day. The AUD/USD pair fell initially during the day on Monday but turned around to form a hammer.
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During the course of the session on Monday, the GBP/CHF pair initially tried to fall, but found enough support at the 1.45 level to turn things around and form a bit of a hammer.
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Gold prices fell $8.30 an ounce yesterday, down for the ninth straight session to $1204.94, as worries over an imminent rate hike by the U.S. Fed persisted.
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Get the USD/CAD Forex signal for May 31, 2016 here.
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Check out the USD/CHF Forex signal for May 31, 2016 here.
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Get the GBP/USD Forex signal for May 31, 2016 here.
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