Forex Daily Forecast, Analysis and Prediction

Silver markets dipped initially on Friday to reach below the $22 level, so it is likely that we would see a lot of support.

The West Texas Intermediate Crude Oil market rallied towards the top of the short-term range on Friday, but gave back gains, mainly due to a lot of people covering heading into the weekend.

The US dollar initially tried to rally on Friday as we approached the 9.0000 NOK level.

The NASDAQ 100 recovered quite nicely on Friday as we have seen the market show signs of life yet again.

The S&P 500 rallied significantly on Friday as we are continuing to see a lot of noisy behavior in this market, but a lot of chasing each dip that occurs.

The euro initially fell on Friday but turned around to recover again and reach towards 1.1350 level.

The British pound initially pulled back just a bit on Friday, but then shot higher to break above the 1.3250 level.

The EUR/USD held steady on Monday morning as the market reflected on the relatively strong US inflation data.

The AUD/USD pair is hovering near its highest level in two weeks as investors focus on the upcoming US retail sales data and the Federal Reserve decision.

The GBP/USD pair held steady on Monday morning as the market refocused on a relatively busy week.

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The natural gas markets have gone back and forth during the session on Thursday, hanging about the $3.80 level.

The WTI Crude Oil market has initially tried to rally on Thursday, only to break down rather significantly and show signs of extreme weakness.