Forex Daily Forecast, Analysis and Prediction

The S&P 500 rallied a bit during the trading session on Friday as traders continue to buy stocks hand over fist.

The US dollar initially tried to rally during the trading session on Friday but gave back the gains to reach towards 1.25 handle.

The West Texas Intermediate Crude Oil market went higher initially during the trading session, but then gave back the gains to form a shooting star.

The euro fluctuated during the course of the trading session on Friday, as we continue to see the 1.20 level as a major barrier.

The British pound initially pulled back during the trading session on Friday to reach down below the 1.3750 level, only to turn around and show signs of strength again.

The EUR/USD price is tilting lower after it rose by more than 1% last week.

The AUD/USD is little changed today as the US bond yields drop and as traders wait for the latest Reserve Bank of Australia (RBA) minutes.

Several new resistance levels are keeping the price below $57,500.

The British pound showed bullish momentum during the Asian session.

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The Euro initially rallied during the trading session on Monday but then gave back the gains just below the one point to zero level to show signs of negativity.

The S&P 500 has rallied significantly during the course of the trading session on Thursday again, as the market has now broken above the 4150 handle.

The FTSE 100 rallied significantly during the trading session on Thursday to break above the 6900 level.