Forex Daily Forecast, Analysis and Prediction

Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of June 4, 2017 here.

Gold prices fell $3.41 an ounce on Thursday as better-than-expected U.S. economic data, which supported the case for a Federal Reserve interest rate hike this month, led to a bounce in the dollar.

The WTI Crude Oil market initially tried to rally during the day on Thursday, but found enough resistance near the $49.25 level to turn things around and form a very negative looking shooting star like candle.

This is probably one of the more dangerous markets to be involved in during the day on Friday, as it is highly sensitive to the jobs number coming out at 8:30 AM GMT.

The S&P 500 broke out to the upside during the session on Thursday, making fresh, new highs. The NASDAQ 100 has been volatile on Thursday as well, but just as the S&P 500 saw selling initially, we also saw the buyers come back to this market later in the day.

The EUR/USD pair fell a bit during the session on Thursday, testing the 1.12 level. The British pound had a volatile session, ultimately settling on a relatively neutral candle.

Get the NZD/USD Forex signal for June 1, 2017 here.

Get the AUD/USD Forex signal for June 1, 2017 here.

Get the USD/JPY Forex signal for June 1, 2017 here.

Get the USD/CAD Forex signal for June 1, 2017 here.

Get the USD/CHF Forex signal for June 1, 2017 here.

Get the GBP/USD Forex signal for June 1, 2017 here.

Get the EUR/USD Forex signal for June 1, 2017 here.

Gold prices ended higher on Wednesday, erasing all of the previous day’s losses, as the dollar edged lower.

The EUR/USD pair broke out during the session on Wednesday, clearing the top of the bullish flag that I have marked on the chart.