Monthly Forex Forecast

BTC/USD: Steady Drift Lower Feels Like Accepted Old Reality

The EUR/USD is around 1.13900 as of this writing, this on the last trading day of June as speculative questions lurk for Forex traders who believe the currency pair has been oversold.

The USD/ZAR is around the 16.45990 ratio as of this writing while it demonstrates an ability to sustain a rather cautious middle ground taking into account its trading during June.

Technical analysis of EUR/USD with key levels, trend direction, and outlook.

The USD/ZAR is once again in its lower realm and will start the month of June near 16.

BTC/USD starts June on a cautious footing as fading momentum and softer investor demand threaten further downside below the $70,000 level.

USD/JPY remains supported near multi-decade highs, but the threat of renewed Bank of Japan intervention could create sharp volatility throughout June.

The S&P 500 remains bullish heading into June, with pullbacks toward 7,300 likely to attract buyers as momentum targets a move toward 7,700.

The NASDAQ 100 remains bullish heading into June, with the AI trade supporting further upside while geopolitical risks and overbought conditions may trigger choppy pullbacks.

Gold remains pressured by high US interest rates, but June could bring a rebound if yields ease and Middle East uncertainty starts to settle.

Nasdaq 100 has pulled back slightly late in April, and this could lead to the beginning of May being somewhat soft.

The US dollar bounced a bit in the latter half of April, and May could see a touch of continuation in this pair.

Gold markets have been noisy in the month of April, but unfortunately, I don’t think May will be any different.

The S&P 500 was very strong in April. However, I suspect May won’t be as easy for the bulls.