Forex Daily Forecast, Analysis and Prediction

Both currencies are relatively strong.

The US dollar initially pulled back against the Chinese Yuan, only to turn around and show signs of strength again.

The US dollar has rallied slightly during the early hours on Friday against the Russian ruble but continues to see a lot of noise overall.

In today’s GBP/JPY analysis we continue to see a lot of bullish pressure on each dip, and I think that it is only a matter of time before buyers come in and pick this market up.

The euro has initially fell a bit during the trading session on Friday, to dip down below the 1.07 level yet again.

The Australian dollar initially fell during trading on Friday but turned around to show signs of hesitation.

In today’s gold analysis, we can see that there is a certain amount of support underneath.

At this point, it looks like we are testing the 1.3550 level, an area that previously has been resistant.

The GBP/USD exchange rate remained in a tight range on Monday ahead of the upcoming UK election and US nonfarm payrolls (NFP) data.

The EUR/USD pair rose on Monday morning as the market reacted to Sunday’s election in France.

Bitcoin price bounced back on Monday morning as traders bought the weekend dip when it crashed to $60,000.

Last week was dominated by action in the Forex market, with a weak Japanese Yen and a strong Australian Dollar.

The West Texas Intermediate Crude Oil market has been rather bullish during most of the month of June.

The US dollar has been very bullish during the bulk of the month of June, but now it looks like we are at a major crossroad.

NASDAQ 100 traders have been all over the place during the last couple weeks, but the overall attitude has been very bullish.