Forex Daily Forecast, Analysis and Prediction

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of November 8, 2021.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 8, 2021 here.

Start the week of November 8, 2021 with our Forex forecast focusing on major currency pairs here.

The British pound got absolutely hammered on Thursday as the Bank of England has decided to pass on the idea of raising interest rates.

The German index gapped a little bit higher at the open on Thursday, but then just went back and forth.

The West Texas Intermediate Crude Oil market initially shot higher during the trading session, after gapping lower.

The US dollar rallied significantly against the Canadian dollar on Thursday to reach towards the 50 day EMA as the crude oil markets got absolutely crushed.

The bitcoin market has pulled back just a bit during the trading session on Thursday to reach towards the $60,000 level.

Ethereum has pulled back a bit during the trading session on Friday, breaking below the $4500 level.

The gold markets got a huge boost during the trading session on Thursday to reach towards $1800 level yet again.

The NASDAQ 100 has gone a bit parabolic over the last couple days, as the Federal Reserve is now out of the way.

The S&P 500 has rallied a bit during the course of the trading session on Thursday to reach above the 4650 handle.

The Euro has fallen a bit on Thursday, reaching towards the 1.1525 level.

The storm of the US Federal Reserve’s announcement passed relatively peacefully in relation to the performance of the EUR/USD.

Today will see an important event for the GBP/USD, which is the Bank of England's announcement of its monetary policy decisions.