Forex Daily Forecast, Analysis and Prediction

The TRY/USD opened the weekly trading with more losses.

Starting with WTI Crude Oil, the market witnessed an upside gap on Monday following OPEC's decision to cut over 1 million barrels per day.

Traders should remain cognizant of the pair's inherent choppiness and exercise proper position sizing.

During Monday's trading session, the GBP/JPY experienced a slight decline, possibly due to concerns regarding the rapid approach toward the ¥175 level.

The NASDAQ 100 rallied just a bit during the trading session on Monday, reaching above the 14,600 level.

The AUD/USD faced initial downward pressure in Monday's trading session, reflecting global concerns surrounding global economic growth.

The GBP/USD pair remained in a tight range amid a light economic calendar and news week.

The BTC/USD pair crashed hard as concerns about regulations continued.

The AUD/USD rocketed higher on Tuesday after the Reserve Bank of Australia (RBA) delivered a surprise rate hike.

My previous EUR/USD signal on 25th May produced a profitable long trade from the bullish bounce at the support level which I had identified at $1.0707.

Investors long in the euro could take some comfort, even as the fragile outlook for the economy continues to chase the single European currency.

For four trading sessions in a row, the bulls succeeded in controlling the performance of the GBP/USD currency pair.

By the end of last week's trading, XAU/USD gold price reversed its bullish path, which pushed it towards the $1983 resistance level.

The odds of a US rate hike in June remain low as the latest US jobs report will give the Federal Reserve a reason to pause and suggest that the recent setback for the dollar could extend.

The TRY/USD opened the weekly trading with more losses after data revealed that the trade deficit in Turkey increased by 18.8 percent over the past month, on an annual basis, to reach $12.66 billion.