Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair bounced during the session on Friday, reaching towards the 1.25 handle. This of course suggests that we could get selling pressure soon, and as a result I am looking for a resistant candle in order to take advantage of the longer-term downtrend.

The GBP/USD pair bounce slightly during the session on Friday, as the market took a little bit of a breather from the extreme dollar bullishness. With that being the case, we could very easily bounce back to the 1.60 level which is an area that was significantly supportive in the past.

The USD/JPY pair fell back a little bit during the session on Friday as the 115 level offered enough resistance to force the market a little bit lower.

The AUD/USD pair had a positive session on Friday, bouncing just above the 0.85 handle. Because of that, it appears that the market should find sellers above, and it’s only a matter of time before we should see a resistant candle in order to take that trade.

Check out the USD/JPY Forex signal for November 10, 2014 here.

Get the GBP/USD Forex signal for November 10, 2014 here.

Get the EUR/USD Forex signal for November 10, 2014 here.

Although gold prices fell for most of the week, the market scored a gain of 3% on Friday and even challenged the 1178 resistance level. The release of October's non-farm payrolls data was without doubt the major event of the last trading day of the week.

Get the forecast for some of the major Forex pairs for the week of November 10, 2014 here.

New legislations in the U.S appears to have done more than enough in clamping down inversion deals, which have been rampant in years past. Pfizer Inc. (NYSE:PFE) had sought to acquire AstraZeneca plc. (ADR) (NYSE:AZN) earlier this year and is unlikely to place another bid in the wake of the new legislation.

A number of Japanese scholars have co-authored a paper, termed as “improved Bitcoin”, with the hope of it creating a better, low-volatility digital currency.

The London Stock Exchange is situated in the city of London at Paternoster Square close to Saint Paul’s Cathedral and is one of the world’s oldest stock exchanges. Get an interesting analysis about both the London Stock Exchange and New York Stock Exchange here.

Get the USD/JPY Forex signal for November 7, 2014 here.

Gold prices ended flat on Thursday as the market took a breather ahead of key economic data from the United States. Wednesday's upbeat private employment data and yesterday's jobless claims figures raised expectations of a solid nonfarm payrolls report.

According to the analyses of the gold and EUR/USD, trader profited on a binary options platform. See how here for November 6, 2014.