Forex Daily Forecast, Analysis and Prediction

The S&P 500 broke down during the trading session on Thursday, slicing through the uptrend line that I have painted on the chart.

The US dollar fell rather hard against the Japanese yen during the trading session on Thursday, as there was a major “risk off” move around the world.

Gold markets rallied rather significantly during the trading session on Thursday, breaking above the 200 day EMA, reaching towards the $1285 level before finding plenty of selling.

The recent downward movement of the ounce of gold was consolidated after the release of the US Federal Reserve last meeting’s minutes

Despite the contents of the latest US Federal Reserve meeting showed the desire of some members of the Bank's policy committee to raise interest rates

On Thursday, May 23, 2019, the markets will focus on the release of economic calendar data, which usually result in changes in price movements.

NZDUSD analysis: bearish break below 0.6500

AUDUSD analysis: poised to test low at 0.6865

USDJPY: Possibly less bullish as price gets more congested

Bitcoin topping out at $8,000?

USDCAD remains trapped in a month-long price range

USDCHF consolidating between 1.0050 and 1.0120

GBPUSD: new 4-month lows below 1.2700

EURUSD: Threatening a bearish break below 1.1140

The Euro went back and forth during the trading session on Wednesday, as we continue to see a lot of noise overall.