Forex Daily Forecast, Analysis and Prediction

The Euro currently sits around the 1.09 level, as would be expected as the Memorial Day holiday kept a lot of liquidity away from the markets.

The S&P 500 looks as if it is trying to get to the 3000 handle, which is a major round figure that will attract a lot of attention.

The NASDAQ 100 rallied a bit during the session on Monday, but keep in mind that it was Memorial Day, so it really does not matter.

The Australian dollar has rallied a bit during the trading session on Monday in very thin holiday trading as it was Memorial Day in the United States

Silver markets have initially fallen during the trading session on Monday, but then bounced a bit as we would have had a very thin trading session

The Bitcoin markets fell a bit during the trading session on Monday, which was Memorial Day in the United States

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.