Forex Daily Forecast, Analysis and Prediction

The British pound sold off on Friday as we continue to see interest rates in the United States climb.

The DAX pulled back just a bit on Friday as we have pulled back to show signs of hesitation.

The Bitcoin market fell a bit on Friday as we continue to see bearish pressure.

Gold markets initially tried to rally on Friday but found the 50-day EMA to cause resistance.

The euro initially tried to rally on Friday but gave back gains after the jobs number came out.

The AUD/USD pair has pulled back in the past few days as the US dollar crawls back and as investors wait for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

The GBP/USD pair is hovering near its lowest level since May 20th after the positive data from the UK.

The BTC/USD price is still in a consolidation phase as investors focus on the new developments in the industry.

Start the week of June 6, 2022 with our Forex forecast focusing on major currency pairs here.

The Euro recovered quite nicely during the Thursday session, to break to the resistance barrier yet again.

The British pound has rallied right back into a major resistance area against the US dollar during trading on Thursday.

The West Texas Intermediate Crude Oil market has fallen rather hard on Thursday, but turned around to show signs of life just above the $110 level.

The S&P 500 has rallied significantly during the trading session on Thursday to show signs of bullish pressure yet again.

The US dollar initially fell during the trading session on Thursday but found buyers underneath to show signs of life yet again.

The Australian dollar has rallied significantly on Thursday to pressure a major selloff level that has been crucial more than once for the market.