Forex Daily Forecast, Analysis and Prediction

The US dollar initially fell during trading on Tuesday only to turn around and show signs of life again against the Mexican peso.

The US dollar has initially fell during the trading session on Tuesday to test the crucial 50-Day EMA.

The Euro rallied a bit during the trading session on Tuesday, as we continue to see a case being made for support.

The EUR/USD pair wavered this week as focus shifted to statements from key Federal Reserve and European Central Bank (ECB) officials.

Bitcoin price pulled back on Wednesday morning as the recent bull run faded.

The AUD/USD remained in a tight range.

The yen fell to over 156 yen to the dollar, hitting its lowest level in a week as the dollar rose after a Fed official offered a more hawkish outlook on US interest rates than markets had expected.

The EUR/USD has been trading around $1.08 heading into the end of May, near its March highs.

At the beginning of this week’s trading, the price of gold rose by up to 1.4% to a new historical record level of $2,450 per ounce.

The US dollar initially did rally a bit during the course of the trading session on Monday, but it seems like it continues to struggle with the 50 day EMA just above.

The USD/SGD is trading near the 1.34770 mark as of this writing which continues to display some bearish sentiment over the past few weeks.

The Aussie dollar has gone back and forth during the course of the trading session on Monday as we continue to suggest that maybe the market's getting a little bit overdone.

While USD weakness has become a theme in the broad Forex market the past few weeks, the USD/BRL has seen a choppy trend develop lower.

The British pound continues to grind higher against the Swiss Franc, but we did run into a little bit of resistance above.

The Canadian Dollar has been consolidating for several days below a key resistance level.