Forex Daily Forecast, Analysis and Prediction

Check out the USD/JPY Forex signal for December 15, 2014 here.

Check out the GBP/USD Forex signal for December 15, 2014 here.

Get the EUR/USD Forex signal for December 15, 2014 here.

The EUR/USD pair rose during the course of the session on Friday, but struggled at the 1.25 handle yet again. This is an area that has served as resistance time and time again, and I am not surprised at all to see that the market failed there.

The NZD/USD pair broke higher during the session on Friday initially, but turned back around above the 0.78 level. That area is an area that has caused support in the past, and is now starting to show itself to be somewhat resistive.

The USD/CAD pair continues to break out during Friday trading as the 1.15 level is nothing but a distant memory now. It appears that if we pullback at any point in time, the US dollar will continue to strengthen overall anyway, so therefore there’s no way that I can sell this pair.

The USD/JPY pair did very little during the session on Friday, as we continue to hover just above the 118.50 region. This is an area that has been somewhat supportive lately, and as a result would not be surprising at all if we went higher from here.

The NZD/CAD pair rose during the session on Friday initially but as you can see ran into quite a bit of trouble at the 0.90 handle.

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.