Forex Daily Forecast, Analysis and Prediction

The USD/CHF pair went back and forth during the course of the session on Monday, as we continue to struggle around the 0.9250 level.

Gold prices rose for the first time in three sessions and settled at $1339.22 per ounce on concern that Greek debt negotiations will undermine the financial stability of the euro zone.

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Get the USD/CHF Forex signal for February 9, 2015 here.

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Gold prices ended Friday's session down 2.56%, or $32.39, to settle at $1232.79 an ounce as another solid U.S. payroll reading, coupled with strong growth in wages, stoked bets the U.S. central bank will increase interest rates by mid-year.

The USD/CAD pair initially fell during the course of the day on Friday, testing the 1.2350 level.

The GBP/AUD pair continues to consolidate near the 1.95 handle. After Friday’s session, it appears that we are simply looking for a reason to break out, because we have recently broken out above the 1.93 level, and now we are looking for more momentum to continue the uptrend.

The NZD/USD pair fell during the course of the day on Friday, as the employment numbers on the United States came out stronger than anticipated.

The EUR/USD pair fell during the session on Friday after the nonfarm payroll number came out stronger than anticipated.

The USD/CHF pair had very little reaction to the nonfarm payroll numbers, as we continue to tread water near the 0.9250 handle.

Get the Forex forecast for some of the major currency pairs for the week of February 9, 2015 here.

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