Forex Daily Forecast, Analysis and Prediction

There is a general lack of direction in this currency pair.

The West Texas Intermediate Crude Oil market rallied rather significantly on Friday to put the $90 level in the rearview mirror.

The US dollar spiked on Friday as the interest rates in America shot through the roof.

The DAX Index plummeted on Friday to slam into the crucial €15,000 region before bouncing towards the end of the day.

The NASDAQ 100 initially was shocked by the jobs number, and perhaps more importantly, the spike in interest rates that came out the United States.

The S&P 500 fell significantly on Friday as we awaited the jobs report after initially gapping higher.

The Ethereum market rallied significantly on Friday to reach towards the $3000 level again.

Stellar rallied a bit on Friday as we continue to see the $0.20 level act as a magnet for price.

Bitcoin rallied rather significantly on Friday to break through the $40,000 level.

Gold markets went back and forth on Friday as the jobs number in the United States surprised to the upside.

The euro went back and forth on Friday as we continue to see a little bit of hesitation in this area.

The EUR/USD pair continued its bullish rally as the market reacted to the latest interest rate decision by the European Central Bank (ECB) and the strong American jobs data.

The BTC/USD pair made strong gains during the weekend as the mood in the market improved after the strong Amazon earnings.

The AUD/USD pair attempted to crawl back on Monday morning as investors continued to focus on last Friday’s stellar jobs numbers from the United States.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of February 7, 2022.