Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair initially tried to rally during 2014, but found the 1.70 level to be a bit too resistive, and then suddenly fell off of a cliff from that point in time.

The EUR/USD pair fell during the course of the session on Thursday, as the market tested the 1.2250 level. That area as far as I can tell is significant support, and as a result if we break down below there with any type of force, I will start selling the Euro yet again.

The USD/NOK pair is one that is highly sensitive to the oil markets. That’s because most of the oil rigs in the North Sea are Norwegian.

The NZD/CAD pair had a slightly positive session during the day on Thursday, as we continue to meander around the 0.90 level.

The AUD/CAD pair initially tried to rally during the session on Thursday, but as you can see sold off yet again.

The GBP/USD pair fell initially during the session on Thursday, but turned back around to form a very positive candle. However, we are still well within the consolidation area that we had been in for some time, and as a result I feel that the market will essentially bang around in this area going forward.

Gold prices ended Thursday's session up 0.75%, or $8.88, to settle at $1198.03 an ounce. The XAU/USD pair tested the $1212 level but encountered resistance and dropped back below $1203 once again.

A Bitcoin exchange in the Philippines, Coins.ph has just added an instant remittance service to its list of its options, allowing users to withdraw, remit and send money directly from a bank’s ATM using this service.

EBay Inc. (NASDAQ:EBAY) is working to ensure its same-day delivery system works efficiently and reliably this holiday season.

The EUR/USD pair fell hard during the course of the session on Wednesday, breaking the bottom of the shooting star that form perfectly at the 1.25 level on Tuesday.

The GBP/USD pair broke down during the course of the session on Wednesday, but we remain above the 1.55 handle.

The USD/JPY pair broke higher during the course of the session on Wednesday, clearing the top of the hammer that had formed on Tuesday.

The EUR/JPY pair fell during the course of the day on Wednesday, but found support near the 145 level for the second day in a row. The resulting bullish action send this market much higher and ended up forming a hammer.

The EUR/CAD pair is one that many of you will ignore. You do so at your own peril though because it does tend to trade much like the EUR/USD pair, but also has the added significance of a simple “Europe versus North America” play.

Get the USD/JPY Forex signal for December 18, 2014 here.