Forex Daily Forecast, Analysis and Prediction

The EUR/USD has initially fallen during the trading session on Friday, as the jobs number in the United States came out much higher than anticipated.

The AUD/USD has gone back and forth during the trading session on Friday, as the 200-Day EMA is just above and offers significant resistance.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 4th, 2022 here.

Optimistic bullish speculators who have been pursuing upwards momentum in the EUR/USD may be feeling good about their perspectives.

The GBP/USD reached new mid-term highs as it broke through the technically perceived resistance of its August values.

The West Texas Intermediate Crude Oil market initially rally during the trading session on Thursday but has pulled back from just below the 50-Day EMA.

The GBP/JPY initially fell hard against the Japanese yen during trading on Thursday, as we continue to see a lot of volatility in general.

The S&P 500 did very little during the trading session on Thursday, which is both good and bad.

The NASDAQ 100 has done very little during the trading session on Thursday, as we wait for the jobs number on Friday.

Gold markets have rallied quite nicely over the last couple of weeks, and now looks like we are trying to break out above the $1800 level in the spot metal market.

The USD/CAD has gone back and forth during trading on Thursday as we continue to see a lot of volatility in the markets.

The AUD/USD rallied a bit during the trading session on Thursday to break above the 200-Day EMA before turning around and showing signs of hesitation.

The USD/JPY has fallen hard during the trading session on Thursday as we continue to see the greenback get beaten up.

The DAX has pulled back a bit during trading on Thursday, as we continue to see a lot of resistance in this same area.

The BTC/USD has tried to rally over the last 24 hours but ran into enough selling pressure to turn things around.