Forex Daily Forecast, Analysis and Prediction

Bitcoin has initially fell during the trading session on Friday.

The EUR/USD exchange rate was flat on Monday morning in a low-volume environment since the US markets will be closed.

Bitcoin price remained in a tight range during the weekend as investors reflected on key events in the crypto, political, and macro environment.

The AUD/USD pair rose slightly after a report showed that hedge funds were trimming their short positions on the Aussie.

A relatively quiet week saw more hawkish rhetoric from the Fed on inflation, leading to a bid in the greenback, while the major technology Index the NASDAQ 100 closed at a new record high.

The GBP/USD closed trading for the week near 1.27345.

Lower momentum continued into Tuesday and a price of 77.660 was tested.

Get the weekly Forex forecast for major currency pairs for the week of May 27-31, 2024 here.

The euro has gone back and forth against the British pound during the trading session on Thursday.

The US dollar initially pulled back just a bit during the trading session on Thursday, only to turn around and show signs of strength again against its Northern neighbor.

The Dax initially rallied a bit during the trading session on Thursday but gave back gains like most other indices around the world.

The S&P 500 went back and forth during the course of the trading session on Thursday as we continue to see a lot of nonsensical volatility.

The Euro Stoxx 50 initially looked as if it was ready to pull back a bit during the trading session on Thursday but turned around to show signs of strength again.

The British pound initially fell during the trading session on Thursday, only to turn around and show signs of life yet again.

It looks like the U.S. dollar continues to work its magic against the Japanese yen. As the Bank of Japan is stuck.