Forex Daily Forecast, Analysis and Prediction

The Australian dollar erased most of the gains made on Monday as concerns about a slowing Chinese economy coincided with hawkish RBA minutes.

My previous GBP/USD signal on 10th May was not triggered as the price did not reach any of the key support or resistance levels during that day’s London session.

The TRY/USD fell against the dollar to record levels of decline, the dollar recorded levels of 19.67.

The USD/CAD nearly hit the 1.35680 ratios in early trading yesterday as it kept climbing.

The EUR/USD exchange rate rose to stand back near one-month lows as we open this week.

The GBP/USD exchange rate managed to pull back from its highest level in more than a year last week, but economic headwinds on both sides of the equation now risk seeing it sidelined into further consolidation.

Speculators have been treated to a rather breathtaking rollercoaster ride in the NZD/USD for the past two weeks.

The US dollar saw a furious recovery last week, drawing fuel from its safe-haven qualities as risk sentiment deteriorated and from some survey data that cast doubt on the popular notion that the Fed will soon cut interest rates.

At the beginning of this week's trading, and in a stunning display of strength, XAU/USD gold prices are trading at higher levels.

The USD/JPY exhibited a rally on Monday, indicating renewed strength as the Japanese yen continues to face the consequences of quantitative easing measures.

The GBP/USD demonstrated a modest rally during Monday's trading session, suggesting that the currency pair is likely to maintain its overall upward trajectory or at least consolidate in a sideways manner.

Silver experienced a modest rally during Monday's trading session, signaling a general stabilization in the market.

The natural gas market continues to exhibit significant volatility, although it is currently attempting to recover from extreme lows.

The West Texas Intermediate (WTI) Crude Oil market experienced a slight bounce during Monday's trading session, demonstrating signs of life around the $70 level.

The current trading session witnessed initial signs of a rally in the S&P 500, reflecting the prevalent global volatility.