The USD/JPY pair initially tried to rally during the day on Friday, but turned right back around just below the 110 level. The AUD/USD pair fell during the course of the session on Friday, clearing the 0.73 level to the downside.
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The WTI Crude Oil market initially tried to fall during the day on Thursday, but as you can see we turn right back around to form a little bit of a hammer. Natural gas markets initially tried to rally on Thursday but turned right back around as we continue to see quite a bit of bearishness every time this market tries to break out to the upside.
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The S&P 500 fell during the day on Friday, as we continue to see this market chop around and test the 2040 level for support. During the day on Friday we had a very volatile session in the NASDAQ 100 as it was a bit different than the S&P 500.
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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 AUD/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 USD/CAD Forex signal for May 16, 2016 here.
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Get the USD/CHF 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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