Forex Daily Forecast, Analysis and Prediction

Despite US jobs figures coming in below expectations, the USD/JPY completed the upward path and hit the resistance level of 112.25 by the end of last week.

The GBP/USD tried to rebound higher last week, but its gains did not exceed the 1.3658 resistance and it closed trading stable around 1.3617.

After the US job numbers were announced on Friday, the EUR/USD rebounded higher, reaching the resistance level of 1.1586 and closing stable around 1.1573.

Bitcoin is now trading above $55k.

The Bank of England’s signaling on rates are helping to hold up the British pound.

The West Texas Intermediate Crude Oil market gapped higher on Friday, and then shot towards the $80 in order to test a large, round, psychologically significant barrier.

The US dollar got hammered against the Canadian dollar on Friday, dipping below the 1.25 level.

The FTSE 100 initially gapped ever so slightly to the upside on Friday but then turned around to fall towards the 50-day EMA.

The S&P 500 did very little on Friday as most traders were trying to figure out what the paltry jobs report for the second month in a row means.

The NASDAQ 100 rallied on Friday to slam into the 50-day EMA.

The euro rallied a bit on Friday, reaching towards the 1.1580 level before pulling back a bit.

The British pound fluctuated to show signs of hesitation just above the 1.36 level yet again.

The gold market rallied significantly on Friday, especially as the weak jobs number shocked the market.

The Australian dollar fluctuated on Friday as the 50-day EMA has shown a bit of resistance.

The Bitcoin market rallied a bit on Friday only to turn around and show signs of exhaustion.