Forex Daily Forecast, Analysis and Prediction

Gold markets dropped a bit to kick off the Friday session only to turn around and show signs of strength yet again.

Silver markets have had a couple of good sessions, as we are now hanging about the $22.94 level.

The EUR/USD pair is in a tight range in a low-volume trading environment.

The AUD/USD pair is hovering near its highest level since November 24th as investors reflect on last week’s strong data from the US and the rising number of Covid cases in China and Australia.

The GBP/USD price has been in a tight range in the past few days as investors focus on the ongoing Omicron pandemic.

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The British pound has shot straight up in the air against the Swiss franc on Thursday, but it is worth noting that he gave back about half the gains.

The British pound has rallied again during the trading session on Thursday to continue its parabolic run.

The US dollar has pulled back again during the trading session on Thursday against northern counterpart.

The US dollar plunged quite substantially against the Norwegian krone on Thursday, only to turn around and end up with a slightly negative clothes.

The West Texas Intermediate Crude Oil market has initially dipped a bit during the day on Thursday, only to turn around and show signs of life again.

Ethereum has drifted a little bit lower during the trading session only to turn around and recapture those losses.

The US dollar has been chipping away at the 5.73 real level over the last several months, and it appears that we are getting ready to have another go at it.

The US dollar initially tried to rally on Thursday but gave back gains to form a bit of an inverted hammer.