Forex Daily Forecast, Analysis and Prediction

Gold markets rallied significantly on Friday as traders reacted to the jobs number being weaker than anticipated.

The S&P 500 plunged on Friday after the jobs number came in much lower than anticipated.

The NASDAQ 100 plunged lower during the Friday session as the jobs number came out.

The US dollar initially fell on Friday, but after crude oil markets turned around, we ended up forming an exactly inverse candlestick of what we had seen in the WTI grade market.

The West Texas Intermediate Crude Oil market initially rallied on Friday, reaching as high as $69.12 before turning around.

The Bitcoin market pulled back a bit on Friday as we continue to see more “risk off” behavior around the world.

The British pound fell a bit on Friday as we continue to see plenty of downward momentum.

The euro initially fell on Friday, but the jobs number came out much lower than anticipated, sending the US dollar falling.

The GBP/USD pair is hovering near its lowest level since December 2020 as investors weigh the next actions by the Bank of England (BOE) and the Federal Reserve.

The EUR/USD pair wavered on Monday morning as the market continued to react to the latest American jobs numbers.

The AUD/USD pair crashed to the lowest level since July 2020 as investors wait for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

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The NASDAQ 100 fell during trading initially on Thursday, only to turn around and show signs of strength again.