Forex Daily Forecast, Analysis and Prediction

The Euro broke out late on Friday above the 1.1350 level, clearing the 200 day EMA.

The US dollar has rallied quite nicely against the Mexican peso during the trading session on Friday going into the weekend.

The S&P 500 rallied quite nicely during the trading session initially but then turned around of form a shooting star.

The WTI Crude Oil market went back and forth during trading on Friday, as we are hovering around the 50 day EMA.

The US dollar has gone back and forth during the trading session on Friday, showing signs of weakness yet again.

Gold markets broke higher during the trading session on Friday, breaking above the crucial $1400 level.

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The Euro shot higher during the trading session on Thursday as we reacted to the Federal Reserve cutting its outlook for interest rate hikes.

Bitcoin rallied just a bit during the trading session on Thursday, as we continue to see a bit of a “risk on” move, as the US dollar has gotten hammered after the dovish Federal Reserve.

The S&P 500 rallied significantly during the trading session on Thursday as the markets continue to see bullish pressure due to the idea of a softening Federal Reserve.

The WTI Crude Oil market exploded to the upside, breaking above the vital $55 level that I had talked about yesterday.

The US dollar has collapsed against the Japanese yen as the Federal Reserve looks very unlikely to take a hawkish stance anytime soon.

The Gold markets gapped higher at the open on Thursday, and then shot towards the $1400 level.