Forex Daily Forecast, Analysis and Prediction

Get the Forex signal for the EUR/USD pair for October 9, 2017 here.

Gold prices rose $7.72 on Friday, recouping earlier losses, and settled at $1276.15 an ounce as traders assessed the likelihood of a December rate hike in the wake of a mixed employment report.

Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 9, 2017.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 8, 2017.

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The EUR/USD pair initially tried to rally during the Thursday session, but rolled over to reach towards the 1.17 level as the ECB failed to say anything hawkish during the session as expected.

The US dollar initially fell against the Japanese yen during the day on Thursday, but turned around to form a hammer.

The S&P 500 broke out to the upside and reached towards the 2550 level during the Thursday session.

The WTI Crude Oil market rallied on Thursday, showing extreme amounts of strength initially, using the $50 level as support.

Gold prices dropped $6.81 on Thursday as the dollar appreciated ahead of key U.S. jobs data.

The US dollar initially fell on Wednesday, but turned around to form a nice-looking hammer.

The EUR/USD pair rallied slightly during the day on Wednesday, showing signs of resiliency. The British pound rallied against the US dollars well during the day, testing the 1.33 level.

The S&P 500 had a slightly positive session on Wednesday, as we continue to make fresh, new highs.

The WTI Crude Oil market initially tried to rally on Wednesday but was turned around at the $50.75 level. Natural gas markets rallied during the day on Wednesday, as we continue to see extraordinarily volatile conditions.

Gold prices ended Wednesday’s session up $2.91 an ounce, supported by a weaker U.S. dollar index.