Forex Daily Forecast, Analysis and Prediction

EUR/USD: Bulls control stands

The past five days of trading for the EUR/GBP have produced a bearish trend as the Pound has proven strong.

The US dollar initially pulled back and fell towards the ¥104 level during the trading session on Friday but then turned around to rally rather significantly, reaching towards the ¥106 level.

The British pound rallied a bit during the trading session on Friday, reaching towards the 1.3150 level before pulling back again.

The Euro rallied a bit to kick off the trading session on Friday but gave back the gains again as the 1.19 level had been a bit too much.

The NASDAQ 100 initially gapped higher during the trading session on Friday, but then fell like a rock earlier in the day.

The S&P 500 fell during the trading session on Friday but as you can see, we ended up turning around to show signs of resiliency yet again.

The Australian dollar initially tried to rally again on Friday but gave out the gains as we got a bit overdone.

The USD/MXN has displayed why it can be a volatile forex pair to speculate on as a sudden bullish trend for the US Dollar has emerged.

The USD/INR has seen tests of resistance levels emerge the past few trading sessions, but the Indian Rupee is not alone regarding this slight bullish trend

The holding pattern the USD/ZAR was exhibiting the past week and half as it battled important support levels has proven to be a launching ground for a strong reversal upwards.

Silver markets have rallied a bit during the trading session on Friday as we continue to see a lot of churn when it comes to the markets.

The US dollar has rallied a bit against the Brazilian real, and it is likely that we will continue to see a lot of noise back and forth

The West Texas Intermediate Crude Oil market dropped a bit during the trading session on Friday, as we continue to see a lot of noise.

The gold markets rallied significantly during the trading session on Friday, touching the $2000 level before pulling back.