Forex Daily Forecast, Analysis and Prediction

Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply.

Gold continued to retreat from a three-week high struck last Friday, as the strength of the dollar helped push the metal down another $7 to $1190.

According to the latest figures from Eurostat, a shade over 10% of the European workforce is idle.

Payward Inc, one of the leading Bitcoin exchanges stated that it will assist the recently collapsed Mt. Gox, on investigating the loss of hundreds of thousands of Bitcoins and manage the process of paying back its creditors.

Netflix, Inc. (NASDAQ:NFLX) is in the midst of legal proceedings against Mike Kail its former vice president of information technology operations, accusing him of fraud, breaching his fiduciary and a host of other charges.

Check out the GBP/USD Forex signal for November 27, 2014 here.

Check out the USD/JPY Forex signal for November 27, 2014 here.

The EUR/USD pair rallied during the session on Wednesday, breaking back above the 1.25 level during the day. However, I believe that there is a massive amount of resistance at the 1.26 level.

The GBP/USD pair broke higher during the course of the day on Wednesday, clearing the resistance that we had seen recently, and tested that the 1.58 level.

The USD/JPY pair fell slightly during the course of the session on Wednesday, but at this point in time it looks as if the market is simply ready to go sideways.

The AUD/USD pair initially fell during the course of the day on Wednesday, breaking down below the 0.85 level at one point in time. There was plenty of support below, so we ended up turning the market around to form a hammer, which of course is a very surprising and supportive candle.

The XAU/USD pair closed yesterday's session slightly lower than opening but remain coiled within the recent trading range as a mixed bag of economic reports failed to inspire market players ahead of the Thanksgiving holiday.

Check out the EUR/USD Forex signal for November 27, 2014 here.

According to the analyses of the EUR/USDand GBP/USD, trader profited on a binary options platform. See how here for November 26, 2014.

Bitcoin has long been considered a revolutionary that individuals will ultimately conduct their transactions. It is no doubt that the crypto-currency came a long way from only being considered another financial asset.