Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair had a volatile session on Wednesday, as we awaited the FOMC Meeting Minutes. The British pound went back and forth during the session as well, but found enough support at the 1.29 level to turn around and form a bit of a hammer.

The WTI Crude Oil market fell apart during the session on Wednesday as the Russians say they are not willing to cut production. The natural gas market initially tried to rally, testing the $3.00 level.

The S&P 500 was very volatile on Wednesday as the Federal Reserve release the Meeting Minutes, which essentially set everything that the market new.

The USD/JPY pair went back and forth during the day on Wednesday, as the FOMC Meeting Minutes essentially told us nothing. The Australian dollar also was very volatile during the day as gold slammed around.

Get the NZD/USD Forex signal for July 5, 2017 here.

Get the AUD/USD Forex signal for July 5, 2017 here.

The EUR/USD pair did very little during the day on Tuesday as Americans would have been gone for Independence Day holiday celebrations.

The US dollar initially fell against the Japanese yen on Tuesday, but found enough support near the 112.50 level to turn things around and form a hammer like candle.

The S&P 500 initially tried to rally during the session on Tuesday, but gave back most of the gains in the CFD markets. The NASDAQ 100 gapped lower in the CFD markets, but turned around to find the market reaching towards the top of the gap.

The WTI Crude Oil market did very little during the session on Tuesday, as the Americans would have been away for Independence Day celebrations.

Get the USD/JPY Forex signal for July 5, 2017 here.

Get the USD/CAD Forex signal for July 5, 2017 here.

Get the USD/CHF Forex signal for July 5, 2017 here.

Get the GBP/USD Forex signal for July 5, 2017 here.

Get the EUR/USD Forex signal for July 5, 2017 here.