Forex Daily Forecast, Analysis and Prediction

The S&P 500 has pulled back a bit during the trading session on Friday as the jobs numbers came out,

Although the price of the USD/JPY pair fell during the Friday session to the 109.53 support 109.53 before closing the week's trading around 109.77 level, the general trend of the pair is still upward.

Despite the positive results of the US jobs report for January.

The crude oil markets have taken it on the chin over the last several weeks, falling from $65 after the killing of Gen. Soleimani in Iraq.

The positive results of the US economic data, and the rising fears of an unknown future for Brexit by the end of 2020 were.

At the beginning of this week’s transactions, a limited and calm movement is expected for the the EUR/USD pair.

The natural gas markets have tried to form a bit of a base over the last several sessions, showing signs of stabilization, something that this market desperately needs.

Bitcoin markets were relatively quiet during trading on Friday, as the market sits just below the $10,000 region.

Gold markets initially fell during the trading session on Friday, perhaps in reduction of risk when it comes to the futures market ahead of the Non-Farm Payroll figures,

USD/JPY: Long-term resistance above 110.00

BTC/USD: Retracement or trend change?

Uncertainty over Brexit and a Corbyn government is a distant memory, after Prime Minister Johnson delivered the best election result since 1986, less than two months ago.

GBP/USD: New long-term lows below 1.2957

EUR/USD: New long-term lows below 1.0993

New Zealand Prime Minister Ardern confirmed that the economy is facing disruptions due to the deadly coronavirus, but noted they are manageable.