Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market went back and forth during trading on Friday, as we continue to hug at the 50 day EMA in general.

The US dollar initially pulled back during the trading session on Friday, breaking down below the ¥109.70 level, but then turned around to recover just as the stock markets did.

Gold markets tried to rally during the day on Friday, reaching towards the 200 day EMA before showing signs of exhaustion again.

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Get the GBP/USD Forex signal for May 13, 2019 here.

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The Euro rallied a bit during the trading session on Thursday, as we are approaching the US/China trade relations negotiations.

The US dollar shot higher during the trading session against the Mexican peso as there was a huge “risk off” scenario going on.

The US dollar initially fell against the Japanese yen as the S&P 500 got hammered.

The S&P 500 fell rather hard during the trading session on Thursday as we continue to see a lot of risk aversion in the markets.

The WTI Crude Oil market fell a bit during the trading session on Thursday as we got a bit of a “risk off” move to kick off the session, but we did get a bit of a reprieve, bouncing from the 50 day EMA.