Forex Daily Forecast, Analysis and Prediction

Weaker-than-expected UK wage and employment data boosted the chances of a June rate cut by the Bank of England and led to broad-based weakness in the pound.

After a period of cautious stability, the price of the EUR/USD pair returned to the support level of 1.0902.

At the start of trading this important week for the US dollar, gold futures posted modest gains even after rising US Treasury yields and a rising US dollar.

As we attempt to determine the next course of action, the euro continues to see a lot of noise.

The US dollar has rallied slightly during the trading session on Tuesday, and midday has gained four basis points.

USD/MYR current price is lower than the currency pair had traversed most of last week.

In anticipation of the CPI data and to maintain the general upward trend, the US dollar has slightly strengthened against the yen during the trading session.

The general mindset among S&P 500 traders is still to "buy on the dip," and Tuesday's session appears to be more of the same.

USD/CAD continue to show a rather healthy range as financial institutions continue to react to mixed economic data from a variety of sources.

The markets are currently attempting to price in geopolitical risk, central bank behavior, and a plethora of other issues, which is why silver is still quite noisy.

The NASDAQ 100 is still showing strong upward momentum overall.

We continue to see a lot of noise in general, which makes gold extremely volatile.

Crude is still seeing a lot of noisy activity, and this is probably going to continue.

The Australian dollar is still very volatile as markets attempt to level off overall and determine whether or not there is a general "risk on" or "risk off" mentality.

After such a strong run in the last few weeks, Bitcoin appears to be struggling to catch its breath.