Weekly Forex Trade Predictions June 1 – 5, 2020

This week I expect mostly ranging markets. The USD is expected to retrace and go back up but towards the end of the week it will drop again.

The opposite holds true for EURUSD, GBPUSD, and AUDUSD. Those pairs will go back down a ways and then towards the end of the week they will shoot back up.

This Friday is Non-Farm Payroll. So do expect a lot of volatility this coming Friday. The U.S. unemployment rates are expected to climb even more and this will cause the USD to drop even more.

Please mark all dates and times of high impact news events on your personal calendars and try to avoid trading during those times.

Use this site for your reference…

www.forexfactory.com/calendar