Forex Daily Forecast, Analysis and Prediction

The gold market shot higher during the Monday trading session, as news got out that the Iranian president was killed in a helicopter crash.

The Parisian CAC of course did rally during the early hours on Monday, but we also gave back about half of the gains.

Bitcoin continues to hang around the $67 level and I think this is an area where we have seen a lot of problems.

The silver market initially shot higher in the early hours on Monday, reaching the $32.50 level before collapsing again.

The GBP/USD exchange rate was stuck at a crucial resistance level as the recent bull run faded.

The EUR/USD was flat on Monday and Tuesday morning.

Yet lower high suggests we might be moving into a more bearish phase.

Bitcoin price continued its strong bull run this week as demand for the coin rose.

The USD/TRY pair has remained stable within a limited trading range during the current week's trading sessions.

Gold futures are approaching record highs again as gold prices rise despite a steady US dollar and rising Treasury yields.

Lower-than-expected US inflation figures allowed the EUR/USD exchange rate to recover last week with gains that reached the resistance level of 1.0895 before closing the week's trading stable around the level of 1.0868.

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.