Forex Daily Forecast, Analysis and Prediction

The gold markets rallied slightly during the trading session on Friday as the US dollar lost a little bit of strength.

The Australian dollar rallied on Friday after what was a very quiet week for the market.

Bitcoin has done very little over the last couple of sessions, which is not necessarily a bad thing.

The British pound rallied during the trading session on Friday as the jobs number was lackluster to say the least.

Bulls need to get the price to hold up above 0.7702 to really change the dominant bearish pattern.

The euro rallied rather significantly on Friday to wipe out all the losses from Thursday.

This currency pair is moving in a wide, evenly balanced consolidation between the support at 1.3617 and the resistance at 1.3759.

The weak US dollar is the main theme today.

The AUD/USD bounced back on Friday after the weak US employment numbers.

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The Euro has broken down below the 1.20 level during the trading session on Thursday, as it looks like we are going to continue to see a lot of volatility in this pair.

The S&P 500 initially pulled back just a bit during the trading session on Thursday but continues to push higher.

The British pound initially fell during the trading session on Thursday in anticipation of the Bank of England interest rate decision and rate statement.