Forex Daily Forecast, Analysis and Prediction

The US dollar fluctuated against the Canadian dollar during the trading session on Friday, as we continue to dance around the 50-day EMA.

Gold rallied significantly during the trading session on Friday to break above the 50-day EMA, but gave back those gains to show signs of weakness.

The Australian dollar has been all over the place during the trading session on Friday, in what could be best described as choppy trading.

The EUR/USD is wavering today ahead of key economic numbers from the European Union and the United States.

The AUD/USD is in a tight range today as traders wait for the important Reserve Bank of Australia (RBA) interest rate decision set for tomorrow.

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The Euro has initially fallen during the trading session on Thursday only to turn around and show signs of life again.

The S&P 500 initially fell to kick off the trading session on Thursday but turned around to show signs of life at the 50 day EMA yet again.

The FTSE 100 fell initially during the trading session on Thursday but found enough support at the 6400 level to turn around to show signs of strength.

The British pound initially fell during the trading session on Thursday, reaching down towards the 1.36 level before turning around and rallying significantly.

The NASDAQ 100 did rallied significantly during the trading session but has given up quite a bit of the strength during the day.