Forex Daily Forecast, Analysis and Prediction

The Australian dollar has been all over the place during the trading session on Wednesday, as we approach the 0.70 level.

Norway’s economy is emerging from the depths of the Covid-19 pandemic ahead of the curve.

Yesterday’s May ADP data out of the US showed 2.76 million job losses, well below the 9.00 million predicted.

Australian exports plunged 11.0% in April with imports down 10.0%, resulting in a smaller than forecast decrease in the trade surplus as compared to March.

In recent technical analyzes of the USD/JPY we mentioned that stability in performance within a limited range for several consecutive trading sessions heralds a strong movement in either direction.

This morning’s Indian services PMI for May delivered a disappointing improvement from April’s all-time low.

AUD/USD: Will 0.7000 see end of this bullish run?

After three trading sessions in which the price of gold rose to the $1745 level, the downward correction returned to the $1721 support.

The US labor market results this week will be under close watch by forex investors, because it will lead to a strong response to the US dollar.

The US dollar has exploded to the upside during the trading session on Tuesday against the Japanese yen, slicing through the tight range that we have been in for some time.

The EUR/USD pair continued its bullish correction, with gains reaching the 1.1195 resistance level.

The British pound rallied significantly during the trading session on Tuesday, reaching towards the 1.2550 level and even extending above there for a little bit of time.

The Euro rallied significantly again during the trading session on Tuesday, after initially pulling back.

The NASDAQ 100 has had a choppy session on Tuesday, forming a neutral candlestick as we have gone back and forth.

The Australian dollar has rallied yet again during the trading session on Tuesday as the risk appetite trade has gotten a bit out of control.