Forex Daily Forecast, Analysis and Prediction

The German DAX Index fell a bit on Thursday to grind down towards the €13,500 level.

The FTSE 100 broke down rather significantly on Friday as the futures market got pounded from the start.

Litecoin fell a bit on Friday only to turn around and show signs of support.

Neo fell ever so slightly on Friday in relatively quiet trading.

The US dollar rallied a bit on Friday to show signs of strength yet again.

The euro bounced a bit on Friday as we had initially fallen to reach the 1.05 level.

The EUR/USD is stuck close to the lowest level this year as investors focused on the interest rate decision by the Federal Reserve and the average US jobs data.

The AUD/USD pair is hovering near the lowest level in February this year as market participants focus on the recent RBA and Fed decisions and the upcoming Australian election.

The GBP/USD pair dropped to a multi-year low last week after the dovish rate hike by the Bank of England (BOE).

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The British pound had a horrible session during the day on Thursday, as the 1.26 level has offered massive resistance.

The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Thursday to break above the $110 level.

The US dollar has rallied rather significantly during the trading session on Thursday as the 9.2 level has offered significant support yet again.