Forex Daily Forecast, Analysis and Prediction

Facebook Inc. (NASDAQ:FB)’s desire to become a reliable ‘personal newspaper’ for its world-wide user base could mean more trouble for the ailing news media segment.

Bitcoin is being very well received in Netherlands, with its user base growing substantially. It has been reported that the country is considering not imposing a Value-added tax on the sale or purchase of Bitcoins.

Gold prices climbed to three-week highs on Friday after China's surprise rate cut added to optimism about the global economy.

The EUR/USD pair fell rather significantly during the session on Friday as we continue to see massive bearish pressure in this marketplace.

The USD/JPY pair did very little during the session on Friday as the market took a rest. We are currently testing the 118 level, and as a result it would make a lot of sense if we pull back slightly in this general vicinity as far as I can see.

During the session on Friday, the New Zealand dollar tried to rally during most of the day. However, as we approached the 0.7950 region, without enough selling pressure to turn things back around and form a nice-looking shooting star.

The GBP/USD pair fell slightly during the course of the session on Friday, as we continue to see some grinding in this marketplace. It makes sense though, because the 1.57 level was massively supportive, is now being tested as resistance. I

The USD/CAD pair fell rather hard during the course of the session on Friday, testing the 1.12 level. This is an area that has been both supportive and resistive in the past, so it’s not exactly huge surprise that it would offer support during the Friday session.

Check out the USD/JPY Forex signal for November 24, 2014 here.

Check out the GBP/USD Forex signal for November 24, 2014 here.

Check out the Forex forecast for the week of November 24, 2014 here.

Check out the EUR/USD Forex signal for November 24, 2014 here.

Amazon.com, Inc. (NASDAQ:AMZN) is gearing up for one of the fiercest rivalries in the video streaming business after announcing plans to launch an ad-supported video service.

Over recent months, there has been an uproar concerning the National Security Agency snooping into social media records of users from world over. This led to the development of many platforms which are claiming to be encrypted.

The XAU/USD pair ended the day up nearly 1% as the dollar took a breather from its recent rally. In the latest economic data, Markit's manufacturing index came in at 54.7, down from the previous month's 55.9 and below expectations for a reading of 56.2.