Forex Daily Forecast, Analysis and Prediction

Get the EUR/USD Forex signal for May 8, 2018 here.

The Euro fell again on Monday, as the US dollar continues to show strength in the Forex markets, with higher interest rates coming in and of course better economic indicators coming out of America.

Bitcoin markets had a very negative session initially on Monday but have found a bit of support near the vital $9200 level.

The US dollar initially spent Monday rallying against the Japanese yen, as we had formed a nice hammer on Friday.

The WTI Crude Oil market was initially a bit positive during the day on Monday, but then broke down rather significantly to sliced through the $70 handle.

The S&P 500 initially tried to rally during the day on Monday but found the downtrend line from the larger wedge to be major resistance.

Gold prices ended a two-sided trading session slightly lower on Monday as the U.S. dollar advanced against the euro after a report showed that German factory orders dropped.

Get the NZD/USD Forex signal for May 7, 2018 here.

Get the AUD/USD Forex signal for May 7, 2018 here.

The EUR/USD pair fell again during Friday trading, breaking down below the 1.1950 level.

Bitcoin did very little against the US dollar during the trading session on Friday, as the world focused on the jobs number in America.

The US dollar fell initially against the Japanese yen during training on Friday as the jobs report came out and rocked the market as per usual

The S&P 500 initially fell during the trading session on Friday but turned around to reach to the upside.

The WTI Crude Oil market initially fell during the session on Friday, but then exploded to the upside, slamming into the $70 level.

Gold ended the week down $8.12 at $1314.59 an ounce, recoding a third consecutive weekly loss, as the recent solid rally in the U.S. dollar index continued to curtail buying interest in the market.