Forex Daily Forecast, Analysis and Prediction

The euro initially fell on Monday but turned around to show signs of stability again.

The British pound initially sold off on Monday but then turned around to show signs of life again as we bounced from both the 50-day EMA and the 1.37 level.

The GBP/USD was little changed on Tuesday morning as the market reflected on the impacts of the ongoing challenges in the global economy.

The BTC/USD price held steady as investors reacted to news that the Securities and Exchange Commission (SEC) had given a go-ahead to the first Bitcoin ETF.

Gold futures broke off a three-day winning streak and settled lower on Friday towards the $1,765 support, after touching the psychological top of $1,800 last session.

Despite mixed US retail sales figures, the USD/JPY remained stable around its gains of 114.40, nearly its highest level since October 2018.

The GBP/USD is settling around the 1.3770 resistance level, its highest level in month.

The EUR/USD is stable below the 1.1600 level to kick off the week as the bears retain control.

A new all-time-high price in sight.

The West Texas Intermediate Crude Oil market rallied again on Friday to reach above the $82 level.

The Canadian dollar fluctuated against the US dollar on Friday as we continue to see plenty of strength in the crude oil market.

The DAX Index rallied on Friday to break above the 50-day EMA solidly, and more importantly to break above a major downtrend line.

The NASDAQ 100 rallied again on Friday as traders were willing to go into the weekend long.

The S&P 500 broke to the upside on Friday to clear the highs of the Thursday session.

Gold markets got absolutely hammered to end the week on the back foot.