Forex Daily Forecast, Analysis and Prediction

In my daily analysis of the euro against the Canadian dollar, it's obvious that the euro has made a major breakout as we slice through the 1.50 level and just took off straight up in the air.

The US dollar has rallied rather significantly during the course of the session on Friday against the Mexican peso after the jobs number in the United States came out much weaker than anticipated.

The USD/MXN this morning climbed above the 20.00000 momentarily.

Nervous sentiment is making its way through the broad Forex market and USD centric questions are part of the equation.

The Australian dollar has gone back and forth during the trading session on Friday.

As you can see, the Swiss franc has been all over the place against the Japanese yen, but unlike so many other currencies, it looks as if it is at least trying to show signs of strength.

It’s easy to see that the EUR/CHF pair is falling off of a cliff.

In today's analysis of the US dollar against the South African Rand, it's obvious that we continue to hang around the 18.25 level.

It’s hardly a surprise to see this market continue to fall.

The first thing I notice is that every time we rally in this market, it’s very difficult to hang onto those gains.

In my daily analysis of the Aussie dollar against the Swiss franc, it's plain to see that the negativity continues.

The only thing I can see is that there is a lot of bullish pressure here.

The GBP/USD exchange rate was relatively volatile after the latest Bank of England (BoE) and Federal Reserve interest rate decisions.

Bitcoin price continued its freefall during the weekend, joining other risky assets in a strong sell-off amid rising recession fears.

The AUD/USD exchange rate remained under pressure ahead of the upcoming Reserve Bank of Australia (RBA) interest rate decision.