Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially tried to rally during the session on Friday as we got stronger than anticipated jobs numbers. The NASDAQ 100 initially tried to rally during the course of the session on Friday, testing the 4375 handle.

The USD/JPY pair fell significantly during the course of the day on Friday after initially trying to rally. Without a doubt, one of the weakest currencies that I am tracking right now is the Australian dollar.

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The EUR/USD pair initially fell during the day on Friday, in reaction to a stronger than anticipated jobs number. The GBP/USD pair fell significantly during the course of the day on Friday as the jobs number in America was quite a bit stronger than anticipated.

The WTI Crude Oil market initially tried to rally during the course of the day on Friday, but struggled at the $34 level. The natural gas markets rose during the course of the day on Friday, and as a result it looks like we are breaking above a significant downtrend line.

During the day on Friday, we broke down during the course of the session, as the Canadian dollar continues to sell off drastically.

Gold retreated on Friday as investors took profits from a recent rally to a nine-week high.

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The USD/JPY pair continued to go lower during the course of the day on Thursday, as this market certainly is showing quite a bit of risk aversion. The AUD/USD pair continued to go lower during the course of the day on Thursday, and now looks as if it is ready to reach down towards the 0.69 handle.

During the day on Thursday, the EUR/USD pair initially fell during the trading session but turned back around to go much higher. The GBP/USD pair fell as well during the day on Thursday, testing the support level just below at the 1.40 region.

The USD/MXN pair had a very strong session again on Thursday, following an extraordinarily strong session on Wednesday.