Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair rose on Monday morning as the market reacted to Sunday’s election in France.

Bitcoin price bounced back on Monday morning as traders bought the weekend dip when it crashed to $60,000.

Last week was dominated by action in the Forex market, with a weak Japanese Yen and a strong Australian Dollar.

The West Texas Intermediate Crude Oil market has been rather bullish during most of the month of June.

The US dollar has been very bullish during the bulk of the month of June, but now it looks like we are at a major crossroad.

NASDAQ 100 traders have been all over the place during the last couple weeks, but the overall attitude has been very bullish.

Gold markets have been very noisy during the month of June, as we continue to test a major support level.

Bitcoin has been rather negative during the month of June.

The election results in France which will be seen late tonight and into Monday morning, this will likely impact the EUR/USD.

Tense Month of Trading in July Speculative Cards

Early Dive Lower Followed by Renewal of Firm Range

Sudden Spike Lower as Sentiment Takes a Serious Hit

The commodity essentially closed near values it tested from Monday until Thursday of last week.

Get the weekly Forex forecast for major currency pairs for the week of July, 01-06, 2024 here.

The US dollar has launched higher during the trading session on Thursday, as traders look likely to continue to pay close attention to the Federal Reserve monetary policy.