Forex Daily Forecast, Analysis and Prediction

The AUD/USD currency pair fell significantly Friday as interest rates in America started to spike again.

The USD/JPY currency pair rallied significantly Friday to break above the ¥135 level.

The West Texas Intermediate Crude Oil market got a little bit of a bounce on Friday as the job number in America came out with over half a million jobs for the month of July.

Gold markets fell hard Friday as the jobs number came out much stronger than anticipated.

Ethereum rallied Friday, but there is also a significant amount of resistance above that continues to cause major problems.

The GBP/USD currency pair fell Friday to crash into the 1.20 level.

The EUR/USD currency pair continues to trade in a tight range, as Friday saw more selling pressure.

The S&P 500 Index had a wild ride Friday as the interest rate in the United States spiked.

The NASDAQ 100 Index gapped lower to kick off Friday as the jobs number in America showed that there were over 500,000 jobs added during the month of July.

The BTC/USD currency pair did very little as far as upward mobility is concerned over the course of the last several days.

The GBP/USD price came under pressure on Monday morning as investors focused on the strong American jobs numbers.

The EUR/USD currency pair came under intense pressure after the strong American jobs numbers pointed to more tightening by the Federal Reserve.

The AUD/USD price retreated on Monday morning, continuing the spectacular plunge that happened on Friday last week.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of August 8, 2022.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 8, 2022 here.