Forex Daily Forecast, Analysis and Prediction

Considering the return of US dollar strength following recent signals from US Federal Reserve officials about keeping US interest rates high for longer, the EUR/USD currency pair tried to avoid moving below the 1.080 support level.

The US dollar initially tried to rally against the Japanese yen during the early hours on Friday, but it looks like we are giving back some of the gains.

The Aussie dollar has rallied a bit during the trading session on Friday against the Swiss franc as we continue to see the Swiss franc used as a funding currency.

The USD/ZAR as of this writing in near the 18.39000 level as of this writing.

The British pound rallied on Friday as it looks like we are trying to dig into the resistance just above that extends from 1.27 to the 1.28 level.

The U.S Memorial day observance means trading in the USD/MXN will be very light as this week begins.

The US dollar initially tried to rally during the trading session on Friday, but then turned around to show signs of exhaustion against the peso as we are essentially swimming upstream.

Gold rallied slightly during the trading session on Friday, but I think what's more important here is that it stabilized.

The silver market tried to bounce a bit during the course of the trading session on Friday.

The Euro rallied significantly during the course of the trading session on Friday as the 1.08 level continues to offer plenty of interest in this market.

The DAX initially fell during the trading session on Friday but turned around to show signs of life.

The Australian dollar has initially dipped during Friday trading.

Bitcoin has initially fell during the trading session on Friday.

The EUR/USD exchange rate was flat on Monday morning in a low-volume environment since the US markets will be closed.

Bitcoin price remained in a tight range during the weekend as investors reflected on key events in the crypto, political, and macro environment.