Forex Daily Forecast, Analysis and Prediction

Silver initially fell significantly during the trading session on Friday, but then turned around to show signs of hesitation.

The S&P 500 rallied rather significantly during the trading session on Friday.

The German DAX has been all over the place during the trading session on Friday as we continue to dance around the crucial €18,000 level.

The GBP/USD pair moved sideways on Monday morning as traders continued to focus on the upcoming Bank of England (BoE) interest rate decision.

The AUD/USD exchange rate bounced back after a stream of weak economic numbers from the United States pushed the greenback sharply lower.

Bitcoin is showing some quietly bullish signs.

The upwards wave of buying began on Thursday and built into a powerful move Friday with the publication of U.S jobs data.

WTI Crude Oil which has been flirting with higher prices and testing resistance on a fairly regular basis a bit over the past month suddenly found selling pressure build.

The US Federal Reserve maintained unchanged interest rates at its policy meeting, assuring there would be no rate hike and committing to rate cuts as soon as inflation allows, indicating a dovish tilt.

Get the weekly Forex forecast for major currency pairs for the week of May 06-11, 2024 here.

The British pound has fallen rather significantly during the course of the trading session against the Swiss franc on Thursday, as we continue to see the 1.15 level offer a massive resistance barrier.

The S&P 500 continues to consolidate overall in the United States on Thursday as we have the jobs never coming out on Friday.

The euro rallied slightly during the trading session on Thursday, as we are now testing the 50-Day EMA.

The Australian dollar initially tried to rally during the trading session on Thursday to break above the 50-Day EMA, only to turn around and show signs of negativity.

The silver market initially plunged during the early hours on Thursday to reach the 50-Day EMA, and of course the $26 level.