Forex Daily Forecast, Analysis and Prediction

The US dollar initially pulled back just a bit on Friday only to turn around and show signs of strength yet again.

Gold markets fell significantly on Friday to reach down towards the $1780 level.

Bitcoin rallied just a bit on Friday, as we continue to hang about in the same general vicinity.

The FTSE 100 initially tried to rally on Friday but then gave back gains to show signs of weakness.

The West Texas Intermediate Crude Oil market rallied for the second day in a row on Friday, but also saw selling pressure at the highs like we did for the second day in a row.

The EUR/USD is hovering near its lowest level since 3rd June 2020 as investors weighed the diverging performance of the Eurozone and the US economies.

The BTC/USD price held steady during the weekend as investors attempted to buy the dip.

The AUD/USD price retreated on Monday morning as investors waited for a relatively busy week ahead.

Bitcoin has provided speculative traders worldwide a source of talking points, and as February approaches, the debate will rage on.

ETH/USD is set to begin February’s trading with a raging battle as short-term optimism is confronted by mid-term results and perspective.

As of this writing, we are seeing the S&P 500 try to stabilize itself near the 50-week EMA and/or the 4200 level.

The NASDAQ 100 has spent most of the month of January falling apart, which makes sense considering that the higher interest rates tend to bring down valuations in highflying stocks.

Before going into the last weekend before the month of February, gold displayed a sudden and violent amount of price action, probably wiping out some trading positions.

WTI Crude Oil appears ready to begin February trading with a two-month upwards trend firmly established, as a variety of concerns help fuel bullish sentiment.

The US dollar rallied from the 50-week EMA against the Indian rupee in January and has seen strength against almost all currencies.