Forex Daily Forecast, Analysis and Prediction

The early hours of Monday have seen a slight decline in natural gas markets.

Because the gold market is becoming very stretched, it has slowed down a little bit during Monday's trading session.

When traders returned to work on Monday morning, they were focused on the enormous shooting star that formed on Friday, which resulted in a dull trading session for the Australian dollar.

The GBP/USD pair pulled back sharply on Monday.

Bitcoin price made a strong bullish breakout on Monday.

Bitcoin keeps rising as traders totally disregard gravity. At this point, the Wall Street inflows are driving the market much higher, so you have to view it through the lens of a mania.

The AUD/USD pair has pulled back as traders wait for the upcoming US inflation report.

We are still seeing some hesitation in this pair, and early in Monday's trading session, the Euro saw the formation of a slightly negative candlestick.

USD/TRY pair maintained its gains during early trading this morning, with the pair trading at its all-time high of 32 liras per dollar.

The EUR/USD currency pair opened this week's trading stable around the 1.0935 level, as it was at the closing price of last week.

At the end of last week's trading sessions, the price of gold rose to a new record level, approaching $2200 per ounce, after the recent US jobs report bolstered the view that US interest rate cuts could occur in June.

The pound hit a seven-month high against the dollar on US wage slowdown, as the US dollar was sold off at the end of last week.

The USD/JPY currency pair had a bearish trading week, with losses extending to the 146.48 support level.

The USD/RUB continues to display signs of behaving in a healthy fashion.

The crude oil markets are still seeing strong support, as buyers always jump back in when we pull back.