Forex Daily Forecast, Analysis and Prediction

The US dollar fell against the Japanese yen during a large portion of trading on Friday but did find a bit of support near the ¥109.20 level to bounce and form a hammer.

The S&P 500 initially fell during the trading session on Friday but turned around near the 2750 level to form a massive hammer.

Gold prices settled at $1298.51 an ounce on Friday, rising nearly 0.44% over the course of the week, as safe-haven demand rose on geopolitical tensions.

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Bitcoin rallied slightly against the United States dollar during the trading session on Thursday, turning around to form a bit of a shooting star.

The US dollar fell against the Japanese yen during the trading session on Thursday, as the 200 day simple moving average continues to cause issues.

The S&P 500 initially fell during the trading session on Thursday, reaching down towards the 2760 level.

The Euro rallied a bit during the trading session on Thursday but found enough resistance at the 1.1850 level to cause some issues and pull back a bit.

The WTI Crude Oil market rallied significantly during the trading session on Thursday, slamming into the $66 level.

Gold prices are largely unchanged in early Asia trading today as investors remained cautious ahead of key events such as the G7 summit and the Federal Open Market Committee meeting.

Get the NZD/USD Forex signal for June 7, 2018 here.

Get the AUD/USD Forex signal for June 7, 2018 here.

Get the USD/JPY Forex signal for June 7, 2018 here.