Forex Daily Forecast, Analysis and Prediction

The euro has rallied a bit during the course of the trading session on Monday, as we continue to see it trying to recover against the British pound.

Silver has gone back and forth during the trading session on Monday as we continue to see a lot of noisy behavior.

The DAX initially pulled back just a bit during the early hours on Monday, only to turn around and show signs of life again.

The EUR/USD exchange rate stabilized as traders waited for the upcoming US consumer confidence and housing numbers.

Bitcoin price continued its sell-off this week as it moved below the crucial support level of $60,000 for the first time since May 3rd.

The AUD/USD pair was flat on Tuesday morning as the market waited for the upcoming US consumer confidence data.

Resistance area starting at $1.2716 likely to be pivotal today.

The USD/TRY pair traded mixed during the early trading sessions of the week, after hitting its all-time low at the end of last week.

USD/JPY is the closest to testing the psychological resistance of 160.00 at the start of this week’s trading.

The EUR/USD remains under pressure as concerns about the eurozone economy and the future of monetary policy persist.

At the end of last week’s trading, the latest UK data recorded a strong rebound in retail sales for May, but the pound struggled to make significant headway in global markets.

Gold futures suffered a sharp sell-off to close out the last trading week as investors booked profits.

The near-term depths which the USD/ZAR is now trading in an almost tranquil manner.

After trading at a high of nearly 18.47700 on Wednesday, and above that ratio earlier last week, the USD/MXN pair began to incrementally selloff.

Price held within bearish channel for 18 days after major reversal.