Forex Daily Forecast, Analysis and Prediction

The euro rallied during the trading session on Friday, reaching towards the top of the candlestick from the previous days of the week.

The British pound rallied during the trading session on Friday, bouncing from the 1.31 handle.

Pound one of the strongest major currencies now.

Area at 1.1859 looks pivotal.

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With new Covid-19 infections surging across Germany and a four-week nationwide lockdown in place throughout November, Europe’s largest economy may face a double-dip recession.

Compared to other countries, Turkey maintains relative control over the second wave of the Covid-19 pandemic.

The Euro rallied a bit during the trading session on Thursday, bouncing from the 50 day EMA.

The S&P 500 initially tried to rally during the trading session on Thursday and the Globex hours, but then broke down rather significantly.

The British pound has pulled back rather significantly during the trading session on Thursday, as the market crashed towards the 1.31 handle.

The NASDAQ 100 initially tried to recover during the trading session on Thursday, but later in the day we started to see the 12,000 level offer a lot of resistance.

The West Texas Intermediate Crude market initially tried to rally during the trading session on Thursday but gave back the gains during the session

The US dollar has pulled back a bit during the trading session on Thursday, but we still are hanging just above the ¥105 level.