Forex Daily Forecast, Analysis and Prediction

The EUR/USD is stuck close to the lowest level this year as investors focused on the interest rate decision by the Federal Reserve and the average US jobs data.

The AUD/USD pair is hovering near the lowest level in February this year as market participants focus on the recent RBA and Fed decisions and the upcoming Australian election.

The GBP/USD pair dropped to a multi-year low last week after the dovish rate hike by the Bank of England (BOE).

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of May 9, 2022.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 9, 2022 here.

Start the week of May 9, 2022 with our Forex forecast focusing on major currency pairs here.

The British pound had a horrible session during the day on Thursday, as the 1.26 level has offered massive resistance.

The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Thursday to break above the $110 level.

The US dollar has rallied rather significantly during the trading session on Thursday as the 9.2 level has offered significant support yet again.

The S&P 500 has gotten crushed on Thursday to show significant signs of negativity.

The Euro has fallen hard during the trading session on Thursday to threaten the 1.05 level.

The Bitcoin market has broken down significantly during the trading session on Thursday to show signs of massive resistance at the $40,000 level.

Gold markets shot higher during the trading session on Thursday as we gapped higher to kick off the day, to continue what had started late on Wednesday.

The German index gapped higher to kick-off to the upside at the open on Thursday but has rolled over significantly to show weakness.

Ethereum has fallen during the trading session on Thursday to test the bottom of the Wednesday candlestick.