Forex Daily Forecast, Analysis and Prediction

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.

The US dollar has bounced a bit during the trading session on Friday as PMI numbers in the United States came out hotter than anticipated.

The British pound initially pulled back just a bit during the trading session on Friday, only to turn around and show signs of life at the 200 day EMA.

The DAX has initially fell during the trading session on Friday, only to turn around and show signs of life again.

The silver market plunged during the trading session on Friday as PMI numbers in both the manufacturing and services sector have come out hotter than anticipated.

The US dollar has rallied yet again during the trading session on Friday as the PMI numbers in the United States came out hotter than anticipated.