Forex Daily Forecast, Analysis and Prediction

Gold markets pulled back a bit during the trading session on Monday, as Memorial Day trading is of course thin.

The West Texas Intermediate Crude Oil market has been going back and forth during the trading session on Monday, but it was also Memorial Day,

Mexico’s President Lopez Obrador believes the economic slowdown in China will benefit his country, entice a spike in foreign investment,

Despite new Covid-19 infections surging across the globe, financial markets remain disconnected from fundamentals.

Australia attempts to utilize the Covid-19 pandemic as a catalyst to achieve economic sovereignty.

Throughout last week’s trading, the USD/JPY pair was moving inside the bullish channel, but it often lacked the momentum to strengthen this trend.

Gold is trying to recover recent losses, which during the past week's trading, extended to the $1717 support, bouncing back to the $1740 resistance and settled at the $1733 at the beginning of this week's trading.

The GBP/USD pair has returned to move within the descending channel, with losses that reached it to the 1.2161 support, where the pair is stable around the time of writing, and at the beginning of this week's trading.

The Euro price dropped against most other major currencies at the end of last week’s trading, amid deteriorating investor sentiment as tensions between the United States and China escalated and China decided not to set a target for economic growth for 2020 due to the coronavirus pandemic.

USD/JPY: Weakly bullish with low volatility

AUD/USD: Supportive area around 0.6500 looks very pivotal

The Euro has continued its downward plunge from the top of the range that started on Thursday, in what is starting to become somewhat of a familiar pattern.

The US dollar continues to chop back and forth against Japanese yen, essentially putting the trading public to sleep.

The Australian dollar has pulled back a bit during the trading session on Friday, and what would have been a somewhat shortened day

The S&P 500 initially fell during the trading session on Friday, reaching down towards the bottom of the one of the candlestick before finding buyers underneath.