Forex Daily Forecast, Analysis and Prediction

Gold markets exhibited a back-and-forth movement during Tuesday's trading session, hovering around the 50-Day Exponential Moving Average once again.

The GBP/USD exchange rate bounced back on Tuesday after the US published strong jobs numbers and after the BoE governor pointed to higher interest rates.

The EUR/USD rate jumped to the highest level since May 22 after the latest US inflation data pointed to a divergence between the Federal Reserve and the European Central Bank (ECB).

The AUD/USD pair pulled back on Tuesday after it jumped to the key resistance level at 0.6800.

My previous BTC/USD signal on 8th June was not triggered as none of the key support or resistance levels were reached that day.

The TRY/USD traded stable against the US dollar during yesterday's trading on Monday and early trading on Tuesday morning, as the Turkish currency was relatively stable after a long series of losses.

The S&P 500 initially attempted a rally during Monday's trading session, but gains were quickly reversed as the area above the 4300 level continues to pose a significant challenge.

The exchange rate of the euro against the dollar, EUR/USD, rebounded from its lowest levels in nearly three months in the last sessions.

Gold futures struggled to determine direction in recent trading as investors prepare for the annual US inflation report that may dictate the direction the Federal Reserve will take at its two-day monetary policy meeting.

Trading in narrow ranges is what appears to be evident on the recent performance of the USD/JPY currency pair.

The GBP/USD exchange rate reversed much of its May decline in early June trading, but technical hurdles are likely to impede its recovery once around the 1.26 resistance level or above.

Gold markets experienced a slight dip during Monday's trading session, indicating a continuation of the ongoing consolidation pattern.

The EUR/USD had a slight rally during Monday's trading session, continuing to test a short-term range.

The GBP/JPY has shown signs of rallying during the early hours of Monday, continuing its move above the significant ¥175 level against the Japanese yen.

The AUD/USD has seen a significant rally during Monday's trading session, pushing toward the 0.68 level.