Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 pulled back slightly to kick off the trading session on Friday, but then turned around to reach towards the 12,000 level.

The S&P 500 initially pulled back during the trading session on Friday, but then turned around and went to the upside.

Gold markets rallied during the trading session on Friday, breaking above the highs of the previous three sessions from the week.

Silver markets rallied significantly during the trading session on Friday, breaking above the 50-day EMA in a push higher.

The West Texas Intermediate Crude Oil market fell slightly during the trading session on Friday, breaking well below the 200-day EMA.

The euro rallied during the trading session on Friday, reaching towards the top of the candlestick from the previous days of the week.

The British pound rallied during the trading session on Friday, bouncing from the 1.31 handle.

Pound one of the strongest major currencies now.

Area at 1.1859 looks pivotal.

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With new Covid-19 infections surging across Germany and a four-week nationwide lockdown in place throughout November, Europe’s largest economy may face a double-dip recession.

Compared to other countries, Turkey maintains relative control over the second wave of the Covid-19 pandemic.

The Euro rallied a bit during the trading session on Thursday, bouncing from the 50 day EMA.