Forex Daily Forecast, Analysis and Prediction

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.

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The euro went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level.

The British pound has been all over the place during the trading session on Thursday, as the Bank of England raised interest rates by 50 basis points.

The US dollar has pulled back from the 50 Day EMA against the Japanese yen in trading on Thursday as we wait for the Non-Farm Payroll numbers.

The Australian dollar has been back and forth during most of the session on Thursday as we have the Non-Farm Payroll numbers coming out for Friday.

The West Texas Intermediate Crude Oil market has finally broken down on Thursday as the market is starting to price and the idea of a recession.

The Euro has rallied on Thursday to show signs of continuation in the same range that we have been in.

Bitcoin markets initially tried to rally during the trading session on Thursday but then gave back gain.

Ethereum continues to look vulnerable as we have drifted lower yet again.

Gold markets have rallied rather significantly during the day, as we have gone back and forth during the trading session before shooting straight up in the air.