Forex Daily Forecast, Analysis and Prediction

At the end of last week’s trading, the latest UK data recorded a strong rebound in retail sales for May, but the pound struggled to make significant headway in global markets.

Gold futures suffered a sharp sell-off to close out the last trading week as investors booked profits.

The near-term depths which the USD/ZAR is now trading in an almost tranquil manner.

After trading at a high of nearly 18.47700 on Wednesday, and above that ratio earlier last week, the USD/MXN pair began to incrementally selloff.

Price held within bearish channel for 18 days after major reversal.

The US dollar has bounced a bit during the trading session on Friday as PMI numbers in the United States came out hotter than anticipated.

The British pound initially pulled back just a bit during the trading session on Friday, only to turn around and show signs of life at the 200 day EMA.

The DAX has initially fell during the trading session on Friday, only to turn around and show signs of life again.

The silver market plunged during the trading session on Friday as PMI numbers in both the manufacturing and services sector have come out hotter than anticipated.

The US dollar has rallied yet again during the trading session on Friday as the PMI numbers in the United States came out hotter than anticipated.

The GBP/USD exchange rate continued falling after the Bank of England (BoE) delivered a relatively dovish interest rate decision.

The EUR/USD pair dropped to a key support level last week as the US dollar index (DXY) bounced back.

The AUD/USD pair drifted downwards even after the hawkish Reserve Bank of Australia (RBA) interest rate decision.

This pair isn’t typically very volatile, so it might have been a nice place to hang out.

The US dollar went back and forth during the course of the trading session on Friday, as we approached the HK$7.80 region.