Forex Daily Forecast, Analysis and Prediction

Gold prices fell slightly on Friday as investors cashed in recent gains after The University of Michigan's preliminary consumer confidence reading for December came in at 93.8, well above November's final reading of 88.8.

Get the technical forecast for the week of December 14, 2014 here.

Microsoft is now allowing users to fund their Xbox accounts with and pay for its services using Bitcoin.

Facebook Inc. (NASDAQ:FB) has officially ended its partnership with Microsoft Corporation (NASDAQ:MSFT) after quietly removing Bing as its search provider and announcing that plans to debut its own search tool.

Get the forecast for some of the major Forex pairs for the week of December 14, 2014 here.

Gold prices ended Thursday's session up 0.2%, or $2.42, to settle at $1227.79 an ounce. The precious metal came under pressure after the Commerce Department reported that retail sales rose 0.7% in November and the Labor Department said the number of Americans filing applications for jobless benefits decreased by 3K to 294K.

According to the analyses of the NZD/USD and EUR/USD, trader profited on a binary options platform. See how here for December 11, 2014.

Many analysts believe that the frenzy surrounding Bitcoin is fading over the past few months as the volumes in the markets have dried up.

Alibaba Group Holding Ltd (NYSE:BABA)’s inability to play nicely with regards to insider trading rules continues to be a point of concern for billionaire investor Mark Cuban.

Check out the GBP/USD Forex signal for December 11, 2014 here.

Check out the EUR/USD Forex signal for December 11, 2014 here.

Get the USD/JPY Forex signal for December 11, 2014 here.

The EUR/USD pair rose during the session on Wednesday, smashing into the 1.25 level. This is where I suspect we will see quite a bit of resistance though, so quite frankly feel it’s only a matter of time before the sellers come back into this marketplace and push the Euro down.

The NZD/USD pair initially fell during the course of the session on Wednesday, but turned back around to break above the 0.78 level. After all, we are still in the middle of consolidation, and as a result more than likely we should see selling pressure sooner or later.

Gold prices ended lower on Wednesday, pulling back after sizable gains in the previous two sessions, as investors covered some bullish bets. The day before yesterday, the slide in equity markets dented risk appetite and pushed gold prices to their highest in seven weeks.