Forex Daily Forecast, Analysis and Prediction

At the end of last week's trading sessions, the price of gold rose to a new record level, approaching $2200 per ounce, after the recent US jobs report bolstered the view that US interest rate cuts could occur in June.

The pound hit a seven-month high against the dollar on US wage slowdown, as the US dollar was sold off at the end of last week.

The USD/JPY currency pair had a bearish trading week, with losses extending to the 146.48 support level.

The USD/RUB continues to display signs of behaving in a healthy fashion.

The crude oil markets are still seeing strong support, as buyers always jump back in when we pull back.

Narrow Range, CPI Data Impact Looms.

Over the past few days, the natural gas markets have somewhat retreated; however, on Friday morning, the market appeared to have slightly stabilized.

Throughout Friday's trading session, the US dollar declined slightly as the jobs report was slightly below expectations.

As traders continue to bet heavily on global central bank easing, silver prices remain extremely bullish.

The Australian dollar saw a considerable increase during Friday's trading session.

The S&P 500 finds buyers every time it dips.

The euro keeps fluctuating, and there is a lot of volatility as the jobs report was slightly lower than expected.

Since there is still a lot of momentum chasing, the NASDAQ 100 continues to attract buyers on dips.

As traders continue to chase prices, the gold markets continue to see a lot of noisy behavior.

he EUR/USD exchange rate continued rising last week after the European Central Bank (ECB) decision and the US non-farm payrolls (NFP) data.