Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market gapped higher on Friday, and then shot towards the $80 in order to test a large, round, psychologically significant barrier.

The US dollar got hammered against the Canadian dollar on Friday, dipping below the 1.25 level.

The FTSE 100 initially gapped ever so slightly to the upside on Friday but then turned around to fall towards the 50-day EMA.

The S&P 500 did very little on Friday as most traders were trying to figure out what the paltry jobs report for the second month in a row means.

The NASDAQ 100 rallied on Friday to slam into the 50-day EMA.

The euro rallied a bit on Friday, reaching towards the 1.1580 level before pulling back a bit.

The British pound fluctuated to show signs of hesitation just above the 1.36 level yet again.

The gold market rallied significantly on Friday, especially as the weak jobs number shocked the market.

The Australian dollar fluctuated on Friday as the 50-day EMA has shown a bit of resistance.

The Bitcoin market rallied a bit on Friday only to turn around and show signs of exhaustion.

The AUD/USD price was unchanged in early trading as the market focused on the recent American jobs numbers.

The EUR/USD was little changed on Monday morning as investors reflected on the relatively mixed US non-farm payrolls data and the upcoming inflation numbers.

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