Forex Daily Forecast, Analysis and Prediction

Most financial institutions were not surprised this morning by the Reserve Bank of New Zealand’s decision to keep their Official Cash Rate in place.

The Dax initially pulled back a bit during the trading session on Tuesday. As it looks like we continued to threaten the €18,600 level.

Silver has been very noisy during the trading session here on Tuesday. Yet again we continue to see a lot of questions asked about the market in general.

Pound rising on lower-than-expected inflation data.

The US dollar bounced a bit during the early hours on Tuesday, as the 10.65 SEK level continues to offer a certain amount of support.

The US dollar fell a bit during the trading session on Tuesday, as we broke down toward the ₹83.20 level again.

The US dollar initially fell during trading on Tuesday only to turn around and show signs of life again against the Mexican peso.

The US dollar has initially fell during the trading session on Tuesday to test the crucial 50-Day EMA.

The Euro rallied a bit during the trading session on Tuesday, as we continue to see a case being made for support.

The EUR/USD pair wavered this week as focus shifted to statements from key Federal Reserve and European Central Bank (ECB) officials.

Bitcoin price pulled back on Wednesday morning as the recent bull run faded.

The AUD/USD remained in a tight range.

The yen fell to over 156 yen to the dollar, hitting its lowest level in a week as the dollar rose after a Fed official offered a more hawkish outlook on US interest rates than markets had expected.

The EUR/USD has been trading around $1.08 heading into the end of May, near its March highs.

At the beginning of this week’s trading, the price of gold rose by up to 1.4% to a new historical record level of $2,450 per ounce.