Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market initially tried to rally on Wednesday but gave back gains as we continue to hear a lot of noise in the market.

The Nikkei 225 rallied significantly on Thursday to break above the 200-day EMA, and perhaps just as importantly, has broken above the top of the shooting star from the previous session.

The DAX fell initially on Wednesday but found enough buyers underneath to show signs of life again.

The S&P 500 went back and forth on Thursday as we continue to hear a lot of noise in this general vicinity.

The US dollar rallied a bit on Wednesday against most currencies, including the Norwegian krone.

The British pound fell rather significantly from the 1.26 level on Wednesday as we continue to see a lot of negativity.

The euro fell on Wednesday as we continue to see US dollar strength increase.

Tron had a bullish session on Wednesday, reaching above the nine cents level.

Ethereum fell a bit on Wednesday as we continue to see the decimation of the crypto markets.

Bitcoin fell significantly on Wednesday as we begin the month of June.

The GBP/USD pair pulled back signaling that the recent recovery trade has ended.

The AUD/USD pair remained in a tight range after the positive Australian economic numbers.

The EUR/USD pair retreated after the Federal Reserve prepares to start its quantitative tightening policy.

The price of EUR/USD was exposed to profit-taking operations, settling around the 1.0730 level at the time of writing the analysis.

During yesterday's trading session, the price of the US dollar against the Japanese yen tried to recover from the pace of its recent losses with gains to the resistance level 128.90.