Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair went a little bit higher during the session on Friday, as the buyers remain stubborn. This is a market that continues to offer buying opportunities again and again, and quite frankly it is a bit surprising that we have not had a decent pullbacks since breaking out of the 110 level.

The XAU/USD pair posted first weekly loss in three weeks as a strong rally in the U.S. dollar and waning inflationary pressure curbed demand for the precious metal.

The yearly North American Bitcoin Conference is gaining more and more prominence, thanks to a surge in registration. Participants have been working closely with the industry, investors and individuals who want to know more about the Bitcoin world.

U.K. politicians have raised concerns as to how social networks, led by Facebook Inc. (NASDAQ:FB) use information shared on their platforms by users.

Get the Forex forecast for the end of November 2014 here.

The EUR/USD pair has been in a massive downtrend for some time. However, during the entirety of November, we have seen quite a bit of consolidation near the 1.25 handle.

The NZD/USD pair has been grinding away sideways for some time now, as we bounced between the 0.77 level and the 0.80 level. With that, I believe that this market is simply taking a little bit of a rest after the significant sell off that we had seen previously.

The GBP/CHF pair has been consolidating for some time now, and I believe that will be the theme going forward. After all, at the bottom of the range is the all-important 1.50 handle, and that of course will attract a lot of big figure traders.

The USD/JPY pair has been astronomically parabolic recently, as the US dollar has just screamed higher in value.

The GBP/USD pair has been falling rather precipitously for some time now, but over the last couple of weeks we have seen the first hints of possible support.

The USD/CAD pair initially fell during the session on Thursday, but as the Americans were way to celebrate Thanksgiving, this pair sliced through the 1.13 level as Canadian dollar weakness continued.

The AUD/USD pair fell during the session on Thursday, as the Americans were away for the Thanksgiving holiday. Nonetheless, this is in line with the overall downtrend anyway, so I don’t really look at this as being overly remarkable.

The USD/JPY pair rose during the Thursday session as we continue to see bullishness overall in this particular market. Keep in mind that Thursday was also Thanksgiving in the United States, so the liquidity would not have been as strong as usual.

The EUR/JPY pair did very little during the Thursday session as the Americans were away at holiday, and the rest the world simply did not move the ball very far.

The USD/INR pair fell during the session on Thursday, as we continue to walk along the trend line higher. The market has been rather bullish but I am starting to be a little bit concerned about the trend.