Forex Daily Forecast, Analysis and Prediction

According to recent trading, the price of the US dollar generally recovered last Thursday, with a feeling that the markets may have overreacted to the US inflation data in the same week.

Core inflation in the United States slowed in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.

The USD/MXN is at a price level last seen on the 15th of April.

The price of the USD/ZAR as of this morning is near 18.13250 with rapid fluctuations occurring.

The US dollar initially rallied against the Norwegian krone during the trading session on Friday.

Gold is outperforming Silver, so traders should be more confident of being long of Gold than of Silver.

The British pound has pulled back just a bit during the early hours on Friday, only to turn around and show signs of strength again.

The initially pulled back just a bit during the trading session on Friday but has turned around to show signs of life.

The British pound has rallied rather significantly during the trading session on Friday, as we continue to see traders take advantage of the interest rate differential that exists in this market.

The US dollar pulled back slightly during the trading session on Friday, just as it did on Thursday against the Russian ruble.

The US dollar has rallied slightly during the trading session on Friday, but it does continue to find a little bit of trouble against the Swiss franc.

The US dollar has pulled back just a bit during the trading session on Friday against the Brazilian real.

It was a very choppy trading session on Friday in the US dollar against the South African rand.

May be resistance in $1.0881 area.

The Aussie dollar initially pulled back just a bit during the trading session on Friday, but then turned around to show signs of strength against the Swiss franc as we continue to go higher.