Forex Daily Forecast, Analysis and Prediction

The euro recovered a bit on Friday, but after we have seen this massive amount of selling pressure, it is very unlikely that it is the beginning of a change in attitude.

$1.3577 is looking very likely to be today’s pivotal point.

The EUR/USD pair was little changed in early trading as investors continued to reflect on the recent Eurozone consumer inflation data.

The AUD/USD pair held steady ahead of a relatively busy week in the financial market.

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The Bitcoin market has rallied during the trading session on Thursday to go looking towards the 50 day EMA.

The German index has gone back and forth during the course of the trading session on Thursday as we continue to test the major trendline underneath.

The FTSE 100 has rallied a bit during the course of the trading session on Thursday but gave back gains to reach back towards the 50 day EMA.

The S&P 500 sits right at a major uptrend line, and even though we did initially tried to rally during the day, we have given back most of the gains.

The NASDAQ 100 has tried to rally during the trading session on Thursday but gave back the gains to show weakness yet again.

The Euro has fallen again during the trading session on Thursday, as the 1.16 level has been sliced through.

The British pound has rallied initially during the trading session on Thursday to reach towards the 1.35 handle.

The US Congress looks very likely to see a bit of a continuing resolution being signed, suggesting that the United States government is not going to shut down.