Forex Daily Forecast, Analysis and Prediction

Gold markets rallied during the trading session on Friday, breaking above the highs of the previous three sessions from the week.

Silver markets rallied significantly during the trading session on Friday, breaking above the 50-day EMA in a push higher.

The West Texas Intermediate Crude Oil market fell slightly during the trading session on Friday, breaking well below the 200-day EMA.

The euro rallied during the trading session on Friday, reaching towards the top of the candlestick from the previous days of the week.

The British pound rallied during the trading session on Friday, bouncing from the 1.31 handle.

Pound one of the strongest major currencies now.

Area at 1.1859 looks pivotal.

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With new Covid-19 infections surging across Germany and a four-week nationwide lockdown in place throughout November, Europe’s largest economy may face a double-dip recession.

Compared to other countries, Turkey maintains relative control over the second wave of the Covid-19 pandemic.

The Euro rallied a bit during the trading session on Thursday, bouncing from the 50 day EMA.

The S&P 500 initially tried to rally during the trading session on Thursday and the Globex hours, but then broke down rather significantly.

The British pound has pulled back rather significantly during the trading session on Thursday, as the market crashed towards the 1.31 handle.