Forex Daily Forecast, Analysis and Prediction

With the start of this week’s trading, gold prices rose near $2,360 per ounce.

The US Dollar has continued to sell off slowly over recent hours, off the new lower resistance level at 105.28.

The US dollar initially pulled back just a bit during the trading session on Friday, only to turn around and show signs of strength.

The German index has been rather bullish for some time now and it took off again during the trading session on Friday.

The S&P 500 initially rallied a bit during the early hours on Friday, but then turned around quite drastically.

Difficult to predict next major move.

The US dollar bounced around during the trading session on Friday as it looks like we don’t really have any momentum to say the least.

The Aussie dollar pulled back just a bit during the early hours on Friday as we continue to see the overall consolidation area hold.

The US dollar initially rallied against the Swiss franc during the trading session on Friday but gave back gains to show signs of hesitation.

Bitcoin initially tried to rally during the trading session on Friday but has since fallen apart.

The Hong Kong 50 index is likely to continue going higher after we have seen a very bullish Friday.

The British pound initially pulled back during the trading session on Friday to test the crucial 1.25 level.

During the Friday session, the Canadian Employment Change numbers came out at 90,400 jobs added, much hotter than the anticipated 20,900 expected.

The USD/MXN has sustained lower values as this morning has opened in Forex.

The USD/ZAR is near the 18.41890 ratio as of this writing, but as the day begun the currency pair did touch a depth around the 18.35455 mark.