Forex Daily Forecast, Analysis and Prediction

Gold rose slightly on Thursday, helped by a drop in the U.S. dollar after economic data on retail sales and jobless claims missed forecasts, but the market is poised for its third weekly loss.

Get the AUD/USD Forex signal for February 12, 2015 here.

Get the USD/CHF Forex signal for February 12, 2015 here.

Get the USD/JPY Forex signal for February 12, 2015 here.

Get the GBP/USD Forex signal for February 12, 2015 here.

Get the EUR/USD Forex signal for February 12, 2015 here.

The EUR/USD pair went back and forth during the session on Wednesday, as the market continues to sit at the 1.13 level. This area looks like it is going to be support for the short-term consolidation range.

The EUR/JPY pair tried to rally during the course of the session on Wednesday, but as you can see gave up quite a bit of the gains.

The USD/JPY pair broke above the 120 level during the session on Wednesday, as the big figure finally got broken again.

The AUD/USD pair broke down during the session on Wednesday, heading towards the 0.7650 handle to test the recent lows.

The GBP/AUD pair broke higher during the course of the session on Wednesday as we cleared the 1.97 resistance barrier. Now that we’ve gotten above there, I feel that the market is free to continue higher, probably to the 2.00 barrier.

Gold prices settled lower yesterday, extending losses from the previous session, as strength in the dollar overshadowed worries over Greece's debt negotiations.

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Gold prices fell $4.76 an ounce on Tuesday as strength in the dollar and a rise in equities dimmed the precious metal's appeal.

Get the USD/CHF Forex signal for February 11, 2015 here.