Forex Daily Forecast, Analysis and Prediction

The Australian dollar has initially tried to rally during the trading session on Friday, then broke down as word got out

The US dollar has gone back and forth during the trading session on Friday as we approach the significant 61.8% Fibonacci retracement level.

The Euro sold off during the trading session on Friday again, as the US dollar continues to strengthen against the Euro based upon a multitude of reasons

The British pound has dropped a bit during the trading session on Friday, breaking below the 1.28 level late in the American hours.

Natural gas markets have gone back and forth during trading on Friday as we continue to see a lot of volatility.

The West Texas Intermediate Crude Oil market initially fell during the trading session on Friday, reaching down towards the 50 day EMA at the $55.53 level.

Bitcoin fell during the trading session on Friday, breaking below the 50 day EMA.

Gold markets have fallen a bit during the trading session on Friday, reaching down towards the $1460 level.

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With the slow return of a risk-off mood, the Swiss Franc is attracting bids due to its safe-haven status.

Yesterday’s surprise vote by two of the nine MPC voting members of the Bank of England in favor of an interest rate cut further rattled the British Pound.

The Euro initially tried to rally during the trading session on Thursday but gave back the gains to rollover as the 1.11 level has offered enough resistance to turn things around.

The US dollar initially fell during trading on Thursday but found a lot of buying underneath to push the market higher.