Forex Daily Forecast, Analysis and Prediction

The BTC/USD price retreated sharply in the overnight session as traders continued to wait for the upcoming US inflation data.

The Aussie is holding up slightly better against the USD than other major currencies.

The dollar is beginning to gain some ground against the euro.

The USD/JPY has come off its recent highs, but it is certainly still within sight of the important 110.000 level, which may prove attractive to bullish speculators.

The USD/TRY is trading below its record highs, but this doesn’t mean that a significant bearish trend is about to emerge.

ADA/USD was able to reach a solid, short-term high on the 3rd of June, but has incrementally decreased in value since then and is approaching key support.

ETH/USD has incrementally moved higher the past week, but resistance levels have remained durable and skeptical traders may be growing suspicious.

There is a short-term bearish price channel emerging.

Despite the strong gains of the US dollar during last week's trading, the GBP/USD pair remained steadfast.

The EUR/USD was subjected to sell-offs during last week's trading, as it moved towards the 1.2104 support level before closing the week's trading stable around the 1.2166 level.

The recent US jobs data did not provide the USD/JPY pair with enough momentum to go higher than the 110.32 resistance level, a 2-month high.

A strong US dollar led to two sharply bearish trading sessions for the price of gold last week that pushed it towards the support level of $1855, a 3-week low.

The DAX Index rallied a bit during the trading session on Friday as we continue to see a lot of bullish pressure.

The West Texas Intermediate Crude Oil market initially pulled back a bit during the trading session on Friday, but saw quite a bit of a turnaround as the jobs number came out with 559,000 jobs for the previous month.

The US dollar initially strengthened against the Canadian dollar during trading on Friday to continue the bullish pressure on Thursday.